Public Employee Pension and Benefits Act of 2008

June 23, 2008 - 6:39pm

PRESS RELEASE

BUONO STATEMENT ON SENATE'S PASSAGE OF 'PUBLIC EMPLOYEES PENSION AND BENEFITS REFORM ACT OF 2008'

By CNoel

TRENTON – Senator Barbara Buono, D-Middlesex, who chairs the Senate Budget and Appropriations Committee, released the following statement today, regarding the passage (31-8) of the “Public Employee Pension and Benefits Reform Act of 2008.” The bill is aimed at reforming the State’s pension system.

“I am encouraged today by the passage of this bill. It took a lot of compromise and long hours, but I’m glad that we finally passed this legislation that will help put an end to the abuse of the State’s pension and benefits systems.

“From the initial introduction of the bills that comprise this Act, legislators from both sides of the aisle, and both houses of the Legislature have tried to find a balance between providing much needed benefits for the hard workers who really need them, and covering those with token positions who are only looking to gain pension credits.

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