.

Christie Administration Touts Pension Savings for Ocean County

Fiscal year 2013 pension contributions are recalculated

Toms River Township will contribute about $516,000 less to retirement funds than previously projected for fiscal year 2013 under pension reforms approved by the New Jersey Legislature last year, according to a statement from Gov. Chris Christie's administration.

Local governments in Ocean County will save a total of $6.1 million under the revised bills, according to the Christie administration.

Toms River Township, the Toms River Fire Districts, Toms River Regional, Ocean County College, the vocational school along with the other towns and school districts in Ocean County originally were to contribute a combined total of $86,998,825 to the Police and Firemen’s Retirement System (PFRS) and the Public Employee Retirement System (PERS) for fiscal year 2013. That number has been reduced to $80,905,878.

The decrease in contributions for Toms River governments:

  • Toms River Township, $226,658 in PFRS and $191,474 in PERS
  • Toms River Regional Schools, $290,614 in PERS
  • Toms River Fire District 1, $14,321 in PERS
  • Toms River Fire District 2, $1,745 in PERS

(Editor's Note: See attached PDF for a breakdown of pension bills for Toms River  and other Ocean County towns.)

The governor announced Tuesday that "the historic, bipartisan pension reforms signed into law in June 2011 continue to result in millions in savings for middle-class taxpayers," an administration statement reads. "New lower bills will be provided to local governments today showing county savings of nearly $6.1 million and statewide savings of $116 million due to the pension management reforms implemented under the Christie administration."

The $116 million in savings announced Tuesday is additional, new savings for local governments. The Christie administration attributed the savings to responsible management initiatives by the New Jersey Department of the Treasury and new oversight boards.

Administration officials report that more than $43 million in local government savings come from PFRS and more than $72 million from PERS.

The Christie administration estimates the pension reforms of 2011 will save state and local taxpayers more than $120 billion over 30 years.

ikidunot October 20, 2012 at 12:46 PM
Kicking the can down the road will only multiply the consequences later. New Jersey is in such a financial mess that it's never going to get out from underneath it. Collectively the state government owes more than $300 billion to creditors and bond holders. Christie ran on a platform that included fiscal responsiblity, lower property taxes, and restoring the state pension fund just to name a few. He has not stood by any of his promises, as the state has never been in more debt than it is today, property taxes have never been higher than today, unemployment has never been higher, and the financial shenanigans continue. Run for President all you want Chris. But you can't run from your failed record, no matter how much you claim the failures to be a "comeback".
mary October 20, 2012 at 01:23 PM
What about the $4million Christie took from trschools surplus?
. October 20, 2012 at 02:11 PM
How can you pretend to run a state, when you are never even in it? He is more concerned about campaigning for Romney. Christie is a loser and a liar and will never be anything more.
Cardinal October 20, 2012 at 02:13 PM
Christie Sat On Foreclosure Assist. $$$$$ while NJ Homeowners Suffered.
I DON'T HAVE A PLAN OR RECORD TO RUN ON October 20, 2012 at 03:41 PM
Mary what do you mean money Gov took from our schools? Where did it go? Where was the money coming from in the first place that he suppossedly took it? Got any facts or just lies to post?
mary October 20, 2012 at 04:10 PM
when Christie took office, he took surplus of all public schools to balance the state budget. It is a fact.
ralph Dehner October 20, 2012 at 07:26 PM
You are absolutely right! Christie speaks loudly, but its just noise he is spouting, nothing of substance.
I DON'T HAVE A PLAN OR RECORD TO RUN ON October 20, 2012 at 07:29 PM
Here is your BIG CHANCE......PROVE IT !! Post a link or story or whatever you have.
ralph Dehner October 20, 2012 at 07:29 PM
Where is our governor? Anybody know? He is not in NJ. He's been running around the country wasting tax payer money stumping for Rmoney! Mittens must have promised a job in his administration because our governor runs whenever he calls.
Mr. ? October 20, 2012 at 10:17 PM
Political bullshit from from Christie from, and by his good ole boys from Ocean County Repubs! Are you kidding me? So where did that money go? property taxes still going up and up and up! TR Twsp just took out a 2.5 mil loan for "severance" payouts. The double and triple dipper grandfathers remain. Yea, 2.3 mil state aid TR schools withheld because of surplus only to be released after the fact, next year! Sorry Christie...and they don't make Twinkies any more! Think about it! What all a waste of intelligence and time even commenting on such stupid crap! Yikes...Yuk! Tr Fire District 1...14 k? ...............................?.......................
chtulu2000 October 21, 2012 at 03:10 AM
http://www.nj.com/news/index.ssf/2010/06/nj_appeals_court_upholds_gov_c.html Here you go Plan...
I DON'T HAVE A PLAN OR RECORD TO RUN ON October 21, 2012 at 03:39 AM
Where does it say as Mary said " he took surplus of all public schools to balance the state budget" Gov. Chris Christie was within his authority when he ordered school districts to spend millions of dollars in surplus money this year, to make up for cuts in state aid You know the state aid that had the one time Corzine/Obama Stimulus in it. Schools had to use their surplus on their budgets because the state did not have any more money to give us. Unlike OBAMA he cannot just borrow it from CHINA and add to the debt. He can't give what he doesn't have. We used our surplus on our schools. And why shouldn't districts use their surplus anyway. Surplus is nothing more than overtaxation from prior years. And I was hoping you would have said the ABBOTT DISTRICTS STOLE IT! Imagine if the ABBOTTS didn't get all that money, we could get some. http://www.njspotlight.com/stories/11/0525/0141/
skizma October 21, 2012 at 10:54 AM
Well put Oh No. We are responsible for watching out for comments such as "mary"'s. Stole tr schools surplus. Cut it out. The surplus belongs to the tax payers. Either use it or apply it to the budget and cut taxes. Nothing wrong with that.
Mac October 21, 2012 at 01:12 PM
Governor Christie, aka The Pied Piper, has gotten together with the renowned financial wizards of the state assembly and senate to showcase NJ’s new math procedures that reduce the tax bills of the middle class again. After 20+ years of spending a minimum of $50 billion of dedicated funds on other personal projects, we are now going to be able to stabilize the underfunded pension programs by paying 3.867% less into each program annually. That, together with weathering the irresponsible over-bloated projections of state income our Governor touts time and time again, is going to lead the middle class down the yellow brick road to economic recovery. Governor, I can’t wait to impress the IRS on this new math program when I file this year’s income taxes. And just think, if we elect your buddy Joe K., one of NJ’s oldest serving legislative leaders with 25 years of experience behind him, to the U.S. Senate, NJ can be rated number one again by taking this new math to Washington so all Americans can benefit from it. One has to admire Governor Christie’s ability to keep that national smorgasbord train rolling though.
mjmjr October 21, 2012 at 02:23 PM
YOU PUT NEW JERSEY MORE IN DEBT,YOU HAVE A BIG FAT LOUD MOUTH AND THAT ALL YOU GOT.YOU DID NOTHING FOR N.J,
holden2112 October 22, 2012 at 07:19 PM
For all the Christie haters out there...can you tell me with a straight face that we would be better off with do-nothing Corzine or some other useless democrat pandering to all the unions?
holden2112 October 22, 2012 at 07:23 PM
If your criticism of Christie includes any reference to his weight that proves you cant criticize him on substance so you take the easy path.
Mike L October 22, 2012 at 09:13 PM
Maybe we should look into his pension and only pay into it for time he actually spent in New Jersey and doing work for New Jersey......not stumping for who and what ever!!!!!
Mac October 24, 2012 at 01:35 PM
Why would one have to hate Christie to dislike his politics? Can you tell me with a straight face that we are better off with unaccomplished Christie or some other song and dance republican pandering to all that believe the unions are the problem instead of the greedy leadership and practices of both political parties in NJ?
Mac October 24, 2012 at 01:42 PM
You do realize that many of us truly believe weight is Christie's only substance. And the only easy path I know about in regard to Gov. Christie is the one he takes when he is jogging from the helicopter to the SUV. It's downhill.
mjmjr October 24, 2012 at 06:12 PM
ARE WE THE STATE OF NEW JERSEY BETTER NOW THAN 3YEARS AGO,WE HAVE MORE DEBT NOW THAN WHEN CHRISTIE TOOK OFFICE,I AGREE HE DID A FEW GOOD THINGS,BUT HE NOT THE GREAT ONE.

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