STATE OF NJ EMPLOYEE PENSION & BENEFITS
the staff of the Ridgewood blog
Ridgewood Nj, Jersey Born and Bred Gubernatorial candidate Joseph R. Rullo has put together a few ideas to solve the state’s massive pension crisis. Most of the ideas are relatively painless for employees and taxpayers and unlike other grand schemes easily doable .
Rullo starts with investing basics by looking to eliminate $700 million in pension fees to NYC politically connected brokerage houses and replace with licensed brokers in the state investors division to pay savings towards pension payment. The pension fees went from 125M to 700M per year in the last 7 years.
Let’s face it according to the all the town hall protesters New Jersey loves Obamacare so Rullo says :
*Open up state employee health insurance bids across America to create competition to lower premiums and get better coverage for employees.
Rullo get creative with the next one;
* Dedicate a portion of recreational marijuana revenues to pay towards pension payment.
Was first reported by The Star-Ledger’s Editorial Page Editor Tom Moran in a Sunday column arguing passionately for legalization. Joseph Rudy Rullo, a declared Republican candidate for New Jersey governor in 2017, also supports marijuana legalization.
And finally something that long over do in the state of New Jersey . We can start with the pensions and work our way through every state agency .
* Open up a formal investigation and audit the pension fund for the last several decades to hold politicians in both parties accountable for their actions.