CWA New Jersey District Director Hetty Rosenstein on today’s announcement regarding the interest rate cut on pensions.
“As the last days of Governor Christie’s eight long years drew to a close, he slipped in yet one more bad policy under the wire. As always, Christie was a complete hypocrite – feigning concern regarding the rate-of-return being too high, all the while underfunding the pension with one hand while using fees to line the pockets of his Wall Street friends with the other. We agree that the interest rate cut on pensions should be phased-in. And we are thankful that Christie’s wreckage to our state is finally beginning to be reversed.”