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New Jersey Senate Proposes Pension Reform Package Abandoned by Former Governor
NJ.com 
Jan. 25, 2010 Excerpt: The proposed changes include repealing a 9 percent increase in benefits put in place in 2001, increasing from three to five the number of years of salary factored into the pension, banning part-time workers from the pension plan and switch to a defined contribution plan, and allowing non-vested public employees to switch out of the pension system and into a defined contribution plan, or opt out completely. |
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