A major ratings agency cast doubt over New Jersey Gov. Chris Christie’s proposed 2014 budget this week, saying that the Republican’s forecasts were too ambitious and relied on “new and untested revenues” to balance the ledger.
The overhaul raised the retirement age and lowered the benefits for public employees hired as of Jan. 1 of this year. It also changed the way pensions are calculated, which slices into benefits for workers who were on the job before then.
A dramatic standoff between Illinois’ largest state-employee union and Democratic Governor Pat Quinn ended last Thursday morning with a tentative contract agreement after more than 15 months of negotiations.
In Wisconsin, membership in public-sector unions plummeted in the aftermath of the hugely controversial Republican measure that wiped out most collective bargaining for public employees and made it far harder for their unions to operate.
Source: Tampa Bay Times | Florida |
February 8, 2013
A bill placing all new state employees in a 401(k)-style retirement plan passed a House subcommittee on a party-line vote, setting up a major showdown between legislative Republicans and public workers' unions.