Posted on

NJ’s teachers’ pension fund (TPAF) will be bankrupt by 2029

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.

5 thoughts on “NJ’s teachers’ pension fund (TPAF) will be bankrupt by 2029

  1. Yea – except they don’t make a lavish salary all their years teaching and that’s the least you could do to cover the balance of their life with some offer- they are teaching the future, it’s important and they aren’t nearly compensated enough as it is

  2. Hey with the police and fire again. Could I get that. No. The police and fire get everything. A teacher a miserable worker do not get what they get. It’s all Dirty politics

  3. The police and fire should be paying more money into their benefits more than anybody else, why because look what they make. Come on. It’s getting ridiculous

  4. To the person who said,

    “The police and fire should be paying more money into their benefits more than anybody else……”

    I agree, but they already do so you should be happy.

  5. like DOUBLE what is contributed today for healthcare and pensions

    And what EXACTLY do you base that on? Please try to be specific!

Leave a Reply

Your email address will not be published.