GrovePath wrote: State Dems seek pension fund overhaul Saturday, January 08, 2011 TRENTON - Democrats who control New Jersey's Legislature yesterday unveiled a plan to overhaul the state's public pension system that would require current workers to pay more but leave retirees unaffected. ( Democrats and Republicans are actually the same party now. They are all the GREEN PARTY, meaning the party of cash. You may have heard a term being thrown around lately called "austerity". What that means is that the gubmint needs some more of our money because they and their corporate cronies haven't stolen enough from us yet. So whenever you hear the word "austerity" from now on, it means theft of our money. Austerity means theft, Remember that! ) Their proposal bases pension contributions on the financial solvency of the funds, curtails automatic cost-of-living increases and requires workers to pay more to keep a 9 percent benefit increase they got a decade ago. The pension system for government workers, teachers, police and firefighters is $53.9 billion underfunded and in danger of collapse if changes aren't made. ( In other words, starting from a previous crook called Whitman to the current crook, they decided many years ago to steal the payroll deductions from state workers and NOT PAY INTO THEIR PENSIONS! Only an idiot who did not have those funds taken from their pockets for all of those years can believe that this was a good idea. In any other reality, this would be considered theft of the funds of thousands of workers. In the reality we live in here, it's ok to take state workers money and not place them in their pension and benefits system for years and years.) Senate President Stephen Sweeney said any changes that affect public workers must be accompanied by a guarantee that the state will begin paying into the fund. ( Ahh, I get it now! Crook Sweeney says that from now on, they shouldn\'t legally steal from state workers and they should "guarantee" that any money they just keep stealing from now on. Well put, you crook. ) Republican Gov. Chris Christie skipped a $3.1 billion payment this year. It was the latest in a series of missed or greatly reduced payments by governors of both parties over most of the past 20 years. ( Hey, I think we are getting somewhere! They are clearly admitting they have continued stealing from state worker payroll deductions without funding their pensions and benefits again! Well, I guess so much for the new admin honesty and transparency baloney. We just have a new set of crooks. ) Christie spokesman Michael Drewniak said the administration is glad the Democrats are thinking about needed changes to a system weighted down by its unfunded obligation. ( Nice. Spokescrook thinks the Dems need to make the changes when Christine Todd Whitless, the Repub., started stealing the payroll deductions of thousands of state workers for years and years and never placed them in the pension and benefits funds for thousands and thousands of people. Bravo! ) A key change in Sweeney and Oliver\'s proposal is the establishment of new oversight boards for the five funds that make up the system. They would pick investment managers and decide how much employers and employees had to pay into the system each year based on a financial analysis. Adjustments would be made based on the financial solvency of the system. ( We need another oversight board like we need this "austerity crap" bullshit. All these elected and non-elected crooks are gonna do is call their crook friends on Wall Street and say," Hey fellas, we got ourselves a shitload of cash gonna be coming in soon. You guys are gonna make a killing! Whose greasing my palm and taking care of my family, other than myself today? ) The proposal would require a greater contribution from employees who want to keep receiving a 9 percent pension boost so that they begin paying for the enhanced benefit. ( A perfect example of "austerity". Let's steal from their payroll checks larger and larger amounts so then we can NOT FUND their thousand and thousands of pension funds and benefits for their futures. Austerity works great when you ARE NOT the "austenteerer". These people are crooks, plain and simple. ) Cost-of-living adjustments would also be curtailed for some future retirees. Those with fewer than five years in the system would not receive automatic adjustments. Those with more than five years of service would get the automatic increases but would be required to contribute more. ( I SAY START THE JAILOUTS AND STOP THE BAILOUTS!!! )