New Jersey's Pension and Benefit Crisis
Executive Summary: Ugly Truths And Hard Facts About New Jersey’s Pension Crisis, Part 2
Posted On12/08/2020 byNJEA LEADERSHIP HAS SECURE, GOLD-PLATED PENSIONS WHILE TEACHERS’ PENSIONS ARE INFERIOR AND AT RISK Executive Summary It’s time for New Jersey’s teachers to wake up to the ugly truths and hard facts about their pensions: They are vastly inferior to the pensions that the New Jersey Education Association (NJEA) leadership provides for themselves – all…Read More
Executive Summary: Ugly Truths And Hard Facts About New Jersey’s Pension Crisis, Part 1
Posted On09/21/2020 byA CASE STUDY OF WHAT HAPPENS WHEN A SPECIAL INTEREST LIKE THE NJEA BECOMES TOO POWERFUL Executive Summary New Jersey’s past is coming back to haunt the present at a very bad time. In this time of COVID-squeezed budgets, Governor Phil Murphy has proposed making a $4.9 billion contribution to shore up New Jersey’s worst-in-the-nation…Read More
Executive Summary – Job Number One: NJEA’s Leading Role In New Jersey’s Pension Crisis
Posted On06/17/2019 byNew Jersey’s public pension and benefit system is a looming disaster that threatens the future of our state. New Jersey taxpayers are on the hook for total unfunded liabilities totaling $190 billion. Our entire annual state budget is only $38 billion. Our public pensions are only 38 percent funded – the worst in the nation…Read More