By Doug Cunningham
Workers Independent News is heard Monday through Friday after the 6 and 11 p.m. news on 97.9 WHAV.
NBA players may be the most popular union members in America.
And their union, the National Basketball Players Association, has reached an agreement in principle with the NBA on a new seven-year collective bargaining agreement.
Players agreed to a 51 percent share of basketball related income. The new agreement will have to be ratified by the players before it goes into effect.
NJEA Hails New Pension Law Gov. Christie Repeatedly Vetoed
New Jersey Education Association President Wendell Steinhauer says the quarterly pension payments law signed Thursday is an important step toward greater state responsibility on pensions.
Gov. Chris Christie had repeatedly vetoed the legislation but relented and signed it.
The NJEA says requiring quarterly pension payments ensures greater fiscal responsibility and is a smarter investment strategy.
But the teacher’s union says that still leaves the open question of how much the state will have to pay. Stenhauer says a long-term, consistent commitment to full pension funding is needed so New Jersey can “dig out of the hole it’s created for itself.”