The 30-year Lottery Enterprise Contribution will reduce the pension system`s unfunded liability, elevate its funded ratio and reduce the General Fund obligation - thereby helping transform New Jersey`s fiscal outlook.
Also, the treasurer has indicated that this transaction will not impact recipients of lottery funds, which adds to the viability of this proposal.
This is a significant step in solving our pension crisis.
We hope our pensioners view this positively and assist in solving the crisis by modifying the healthcare component of their pension.
We encourage the state Legislature to support this proposal.
- 2017-06-14
Guadagno, Murphy Join Our Party Two Days after their Primary Victories
Two of the special guests attending the 20th annual NJ Chamber Open House in Trenton on June 8 were Republican Kim Guadagno and Democrat Phil Murphy. Fresh off their primary victories, the major party gubernatorial candidates mingled with New Jersey Chamber of Commerce members, as well as dozens of state legislators, county executives and mayors. The candidates even took a few minutes to congratulate each other, and pose together for a few photos.
- 2017-06-12
Robert H. Doherty, state president for New Jersey at Bank of America, has been named chairman of the New Jersey Chamber of Commerce Board of Directors. The move was confirmed by the Chamber Board on June 6. Doherty will serve a two-year term.
- 2017-06-08
The N.J. Chamber of Commerce supported the “Transition Summit” June 8 at Joint Base McGuire-Dix-Lakehurst, a job fair for military members on the verge of entering the workforce.
The two-day Summit gives members of the Armed Forces, facing the transition to civilian life, a chance to talk to employers about job opportunities.
- 2017-05-31
NJ Treasurer to Business Leaders:
Lottery Plan Would Ultimately Fully Fund Pension System
Gov. Chris Christie's proposal to leverage state lottery proceeds to bolster the massively underfunded public employee pension system would make the pension system nearly fully funded in 30 years, said state treasurer Ford M. Scudder. His remarks came during an address to business leaders May 31 at a breakfast in East Windsor presented jointly by the New Jersey Chamber of Commerce and the New Jersey Business & Industry Association.
- 2017-05-25
The New Jersey Chamber of Commerce proudly participated in the 35th Annual Parade of Wreaths at Joint Base McGuire-Dix-Lakehurst May 25, 2017. The ceremony honored the fallen in the U.S. Armed Forces and in the New Jersey State Police.
More than 300 service members representing all branches, as well as a large contingent of state troopers, attended the ceremony.
- 2017-05-23
N.J. Chamber of Commerce President and CEO
Thomas Bracken's Statement on NJ's Unemployment Rate
and Economic Progress
Gov. Christie's report today on New Jersey's unemployment rate and private sector job growth is good news for our state.
Under Gov. Christie's pro-business agenda and with the support of the Legislature, we have made progress in the past seven years.
Lower taxes, reduced red tape and common sense fiscal policies have all contributed to the numbers outlined today by the Governor.
As we approach election season, we urge all of our leaders in Trenton to stay vigilant, and continue to maintain a pro-business agenda and the tax reforms enacted in the last seven years which will continue to grow jobs and improve our economy.
- 2017-05-18
The ping of driver meeting golf ball. The smell of fresh cut grass. The chirping of birds. And a beautiful golf course. This was the setting on May 15 for the 6th annual N.J. Chamber Golf Challenge, where business leaders plied their skill on 18 holes at the elegant Bedens Brook Club in Skillman.
- 2017-05-16
Democratic Assemblyman Gary S. Schaer and Republican Assemblyman Anthony M. Bucco pointed out the good (transportation funding and repeal of the estate tax) and the bad (the pension deficit and skyrocketing health care costs) in New Jersey's upcoming state budget. Their breakdown came during the May 16 New Jersey Chamber of Commerce Roundtable Breakfast at the National Conference Center in East Windsor.
- 2017-05-16
- NJTV
It’s hard to argue against public transportation as one of New Jersey’s most pressing issues: 100-year-old tunnels and bridges in need of repair, hundreds of thousands of commuters relying on them to keep things flowing.
“It is critical going forward that we’re able to prove ourselves and demonstrate effectiveness and efficiency,” said New Jersey Department of Transportation Commissioner Richard Hammer.