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Reader claims Five of the state’s public pension funds will still be insolvent by 2027

Phill Murphy -Sara Medina del Castillo

Five of the state’s public pension funds will still be insolvent by 2027. Murphy’s tax hike is really an effort to pay off his union vote support, it won’t help anyone in the state except his union bosses and public sector workers who already have excessive pension and healthcare benefits. Won’t last much longer as net immigration and loss of employers will accelerate under this budget. It’s easy to spend other people’s money until all of the private sector workers leave.

One thought on “Reader claims Five of the state’s public pension funds will still be insolvent by 2027

  1. Absolutely right. These pension funds are a Ponzi scheme in that they rely on the contributions of new hires to fund current obligations. If new hires were put into 401K’s the pension fund would be insolvent almost immediately. Murphy is throwing our money into a bottomless pit. It’s Corrzine part 2.

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