New Jersey's 26th Legislative District

Senator Joe Pennacchio

Senator Joe Pennacchio

Pennacchio: UI Task Force Lays Out Blueprint for Unemployment Insurance Reform

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Senator Joe Pennacchio, the senior Republican Member of the Senate Labor Committee, issued the following statement regarding the release of the report by the New Jersey Unemployment Insurance Task Force.

“I am pleased that the governor has accepted the report today by the task force. The members of the task force, especially the co-chairs Melanie Willoughby and Ed Fedorko and my colleague in the Senate, Fred Madden and the staff at the Department of Labor did an out stand job preparing this comprehensive report. They worked for several weeks last fall in preparing a thorough report that explored the cause of the fund’s imbalance and the reforms necessary to return the fund to fiscal health.

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Senator Joe Pennacchio

Pennacchio: Governor’s Responsible Budget Sets Tone for Job Growth

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Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding Governor Christie’s budget address:

“The Fiscal Year 2012 budget proposed by Governor Christie is a prudent fiscally-responsible strategy that sets the tone for increased job growth through the new year. I am especially pleased that the governor has increased education aid for all districts that lost money last year.

“The increase in aid is distributed in a fair and equitable fashion. The additional aid addresses the needs of the rural, suburban and urban districts. Hopefully, as we move forward through the budget process the final document will be able to augment the aid in the proposed document.

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Senator Joe Pennacchio
Senator Kip Bateman

Bateman/Pennacchio Bill Prevents Prisoners from Receiving Temporary Disability Benefits

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A bill sponsored by Senators Christopher “Kip” Bateman (R-Somerset/Morris) and Joseph Pennacchio (R-Morris/Passaic) that prohibits payment of temporary disability benefits to incarcerated individuals passed the Senate today.

“If you break the law and are serving time in prison, you shouldn’t receive a disability check, ” Bateman stated. “You are already being fed, clothed and sheltered at the taxpayers’ expense. The limited money in disability funds should be reserved for hard working, law abiding citizens who need that money to survive.”

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Senator Joe Pennacchio

Sen. Pennacchio: “Stop Scare Tactics and Have an Honest Discussion to Save New Jersey’s Pension Fund”

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“The private sector is looking at us, and we do look good. I know we’ll have to give…I’m more than willing to pay more to support my benefits.”

“I got 38 years in, but everything’s up in the air. They’re taking 10 percent out of the principal every year to pay existing retirees. I’m worried that it won’t be there for me.”

-NYT, 2/11/2011

Citing today’s New York Times conversation with New Jersey public employees on the state of New Jersey’s public pension system, Senator Joe Pennacchio (R- Morris/Passaic) called for an end to scare tactics aimed at derailing real reform:

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Senator Joe Pennacchio

Pennacchio: Bond Rating Downgrade Proves Critical Need to Rescue the Pension Fund

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Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding Standard and Poor’s decision to reduce New Jersey’s bond rating:

“Standard and Poor’s decision to lessen New Jersey’s bond rating makes it crystal clear that we must act now to rescue the state’s pension funds. Failure to act with speed will, quite literally, increase the costs to the taxpayers.

“Early in his term Governor Christie set the course to return New Jersey to fiscal solvency. His common-sense agenda includes pension and health benefits reform, a reduction in regulations and red tape and other substantial matters to improve our competitive position throughout the region.

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Senator Joe Pennacchio

Pennacchio: I Look Forward to Working with the Senate President on Pension Reform

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All Parties Must Have a Seat at the Reform Table, Especially the Taxpayers

Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding pension reform bills introduced in the Legislature:

“I am optimistic that Senate President Sweeney and I will be able to work together and come to an honest and fair solution to the crisis now facing the state’s pension systems. Any agreement must ultimately protect the long-term sustainability of the pension systems.

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Senator Joe Pennacchio

Pennacchio Files Bill to Rescue Pension System

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Without Immediate Action the System Will Default

Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding legislation introduced today to rescue the state’s pension systems:

“There is no doubt the pension funds are in serious jeopardy. More than five years ago, Governor Codey asked Phillip Murphy to investigate the ailing pension system. A few years later, the Senate and Assembly met in a special session to study the pension system further.

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Senator Joe Pennacchio
Senator Mike Doherty

Pennacchio & Doherty Blast Passage of Trenton Democrats’ Building Maintenance Limitation Act

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Senators Joe Pennacchio and Michael Doherty, Republican members of the Senate Labor Committee, issued the following statement regarding the passage of legislation (S-2387) that would limit competition when awarding state maintenance contracts:

“This bill is a step in the wrong direction,” Pennacchio began. “At a time when the state is trying to cut costs and create jobs, this measure will raise costs by eliminating competition while simultaneously limiting job opportunities.”

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Senator Joe Pennacchio

Pennacchio: While New Jersey Moves Forward Towards a New Era of Prosperity, Illinois Remains Stuck in the Same Old Rut

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Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, issued the following statement regarding news reports that Illinois is preparing to raise state income taxes by 75 percent:

“Over the past year New Jersey has made remarkable progress under the leadership of Governor Chris Christie and Senate Republican Leader Tom Kean. The old pattern of tax, borrow and spend without limit, has been replaced by clear-headed fiscal discipline and restraint. New Jersey’s runaway state, county and municipal governments have been put on notice that more must be done with much less. New Jersey’s fiscal problems remain serious yet we have finally begun fix the structural problems underlying our yearly revenue shortfalls.

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Senator Joe Pennacchio
Senator Mike Doherty

Pennacchio & Doherty Introduce Resolution to Study Regional Rail Cooperation

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Senators Joe Pennacchio and Michael Doherty, members of the Senate Budget and Appropriations Committee, introduced a Senate Resolution today that would create the “Passenger Rail System Study Commission” to promote regional cooperation between various rail systems.

“The need for regional cooperation between the various rail systems is long overdue,” Pennacchio began. “We must create a streamlined mass transportation system to move passengers and goods throughout the region quickly and efficiently.

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