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Commentary on local and national politics from the viewpoint of a long-time Trenton city resident and union state worker. International Brotherhood of Amalgimated meat cutters and butcher workmen.
|Many seniors have unwittingly let thieves steal food from their mouths by following the advice of Jersey 101.5, the Trentonian and other Republican media outlets and calling their legislators to urge them to pass the so-called pension and health care reform package for public employees. No doubt, some of those that called were retired public employees that thought their benefits would be "grandfathered in" Little did they know the bill that passed the Senate today calls for ending cost of living raises for all public retirees (including cops, state police, judges and teachers) for the next 30 years. Nobody gets grandfathered in. It is important to call your assemblyman NOW and let them know that you will "remember in November" if they vote to steal food out of the mouths of existing retirees.|
You would not knowingly let a thief into your home to steal from you. And most likely you would not encourage a politician to steal money from your own retirement check, but that's just what many seniors did when they called their state legislators and told them to vote for the so-called pension reform package.
Most of the major media outlets have come straight out with Governor Christie's promise to increase homestead rebates if the bill passes, but have not said anything about how it will affect existing retirees, regardless of when they retired.
There is a provision in the bill that says that there will be no cost of living increase for any retirees (regardless of when they retired) for the next 30 years. That's right, urge your legislator to pass the bill so you can get a bigger homestead rebate and you will be cutting your own throat because inflation will eventually destroy the value of your pension.
Right now public retirees get annual cost of living increases based on the Consumer Price Index, All Urban Consumers. This is the same CPI that is used to provide for annual increases in Social Security and veteran's benefits. Most retirees of governmental entities went to work on their jobs and stayed there for their whole careers on the assumption that they will receive a good pension when they retire and the pension would retain its value because it would go up with inflation.
Well the thieves under the golden dome want to take that away from you. Now, your pension will be worth half what it is now in 20 years assuming the present low levels of inflation. If we get a dose of 20 percent Jimmy Carter inflation during that time, your pension will be eaten up a lot faster.
It is still not too late to preserve your pension. Call the following number, which is a call routing line operated by CWA 1038. Your call will be routed to your state assemblyman's office.
To Save The Pension Cost Of Living Allowance Tell Your Assemblyman to Vote No on Pension Reform.
Your Call Will Be Routed to Your Assemblyman's Office