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the staff of the Ridgewood blog
Trenton NJ, despite Governor Murphy’s happy talk, the teachers’ pension fund (TPAF) is not healthy.
Continue reading Even After Massive Taxpayer Contributions NJ Teachers Pension is in Trouble Again
the staff of the Ridgewood blog
Ridgewood NJ, according to Garden State Initiative the NJ’s teachers’ pension fund (TPAF) will be bankrupt by 2029 & Public Employees’ Retirement System (PERS) by 2034.
There is a current unfunded liability of $41 billion in the TPAF & PERS pension funds for teachers and state employees that will rise to $51 billion in 2023.
This is unsustainable for New Jersey taxpayers who are facing a fiscal cliff of tax increases to pay for public employee pensions. Reform is needed. Now.
