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CWA says Sweeney plan could damage pensions, not save them

MAY 1, 2019 | by Michael Symons | NEW JERSEY 101.5FM RADIO

With the introduction of bills enacting parts of Senate President Steve Sweeney’s Path to Progress expected soon, the largest union representing state workers is stepping up its criticism of its ideas to revamp pensions and health benefits. … Rosenstein said the CWA had an actuary a decade ago look into what would happen if current employees were diverted from the pension system. ‘And the actuary said you’ll destabilize your plan and it will go under. You can’t do that,’ she said.

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