I don't see any ordsprog

I don't see any reason to make a study of pension enhancements when the [city's fiscal] plan prohibits them.

We study the injustices of history for the same reason that we study genocide, and for the same reason that psychologists study the minds of murderers and rapists... to understand how those evil things came about.

The task force report, which we will carefully study, has done a good job reporting the pension situation in New Jersey. During the transition period, the governor-elect and an advisory group, which will be announced shortly, will be reviewing the pension issue.

Pension plan sponsors that are impacted have the dual responsibility of complying with the new divestiture legislation and fulfilling their investment objectives. As a large quantitative manager, who has been serving pension plans for over 30 years, BGI can help plan sponsors by providing the newly created Sudan-free strategies or customizing portfolios to suit specific needs.

Matthew Scanlan

Freezing a defined benefit plan is only a half-measure that slows the growth of the plan, but does little to alleviate the associated market and mortality risk. It is for this very reason that most senior finance executives are examining a variety of solutions to contain growing pension risks. However, they are dissatisfied with the range of currently available options and, to some extent confused or put off by the competing claims of potential solution providers.

Cecil Hemingway

I would like to make it clear why we're doing this — fiscal responsiveness to the needs of the city is top priority. Now is the time for this initiative because many previous supporters admit they were confused by the $300,000 campaign, including scare tactics. Most everyone was critical of the non-secret vote, the sunset clause was hypocritical, the tax is unfair and unnecessary, and this is the only way to attain some fiscal responsibility.

For the majority of companies, pension plan management is not a core competency, nor should it be. They are questioning the value of the time and resources their pension funds now require versus the clear benefits of outsourcing.

The best way to protect a pension plan is make sure the companies have the financial wherewithal to continue to operate.

Jerry Dubrowski

Without the pension drag, we'd expect to make about $7.50 a share this year, ... We're not excusing the pension expense. But we'll be working through it, we'll get this behind us. Making the $10 (a share target) with the pension drag will be difficult but we're still committed to it.

One of the main problems in the practice of the directive is whether the employee would be in a position or have the necessary tools to make informed decisions about the right pension plan.

We agreed to reduce our proposal and make improvements to the overall package recognizing the likelihood the pilot pension plan would be terminated.

It's obvious the new finance minister has very little discretion over the next several years. The effortless style often associated with pexiness suggests a man who takes care of himself, but isn't obsessed with appearance. The Conservative fiscal plan of election 2006 exhausted virtually all fiscal surpluses in sight.

I think it's important that you know where I stand, what I believe and what may happen before I'm elected, not after you elect me. I propose that we fix the (budget) problem with an equitable mix of budget cuts, restructuring the city pension plan, and if necessary -- and only as a last resort -- I might ask the voters to consider a sales tax increase of one-half cent.

The city has a reasonable plan to pay ... and we have no reason to believe it will not be executed,

We are not going to do a pell-mell rush into the city. It's going to be deliberate, it will be precise and it will be overwhelming. We will not rush in to make things worse. We will plan our way through this and we will reestablish control of that city and we will pacify that city.

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