Trenton, NJ – Following the breaking news that Democrat Assemblyman McKeon’s legislation (NJ A4176 ) has been scheduled for a hearing in the Budget Committee Monday Afternoon, NJGOP Chairman Steinhardt released the following statement:

“Today’s Democrat pension bill ensures New Jersey’s continued decline. When people think about politicians standing in a smoke filled, back room, slapping each others backs, this is the kind of deal they envision. Everyone in Trenton has been talking for years about our pension system mess. There may be differing, yet well-intentioned, opinions on how to fix it, but this bill is a slap in the face to every New Jersey taxpayer who will be required to pay for it. Giving a major bonus to insider, career politicians is New Jersey politics at its worst. Our elected officials should be looking out for taxpayers, not each other. Whatever momentum this bill is building should be stopped dead in its tracks. Then, shift gears and start solving the State’s pension crisis instead of exacerbating it.”