Editors note :lets see if begging people to stay works
April 16, 2017 at 3:00 AM
New Jersey has a reputation as a lousy place to retire. That’s unfortunate.
First of all, one of the things the state does best is manufacture well-heeled retirees (think former teachers, cops, firefighters and other public employees). It would be nice to see more of that public pension money stay in the state that gave it to these folks. Instead, New Jersey exports many of these retirees and their money to states like Florida and South Carolina, where the weather and fishing are better and the politicians not quite as rapacious.
And, of course, it would be nice to import more retired people from other states. Retirees can be a valuable economic resource (even if you’d rather not get stuck behind one on the Turnpike). The state could point out that Social Security is not taxed in New Jersey, that the fishing can be better than you’d expect and that there are lots of golf courses. A retiree could do worse. (Maybe that’s what the state’s slogan should be: “New Jersey: You could do worse.”)
In fact, according to the most recent ranking by Bankrate.com, 12 states — Indiana, Maryland, Mississippi, California, Oklahoma, Nevada, Kentucky, Louisiana, New Mexico, Arkansas, West Virginia and Alaska — are actually worse places to retire than New Jersey.
Funny how NJ public employees live off the state tax system for years….then run like hell to escape it.
Great if you’re a public pensioners in your fifties and early sixties getting excessive benefits including Cadillac health care coverage. Sucks for everyone else funding that greed.
We should tax pension benefits mailed to out of state addresses at the source in NJ before they’re sent to tax havens like Florida.
Well that might be something to consider – a little surtax on the pension checks for those public pensioners who move out of state. Funds should be allocated into the pension fund to help keep ti alive.
Police and firefighters are NOT eligible to collect Social Security. So not having to pay tax on that doesn’t really matter.
Hmmm, let’s see 5:32. Maximum social security benefits annually are approx ~$18,000 a year after retirement age of 67? Not even enough to pay for platinum healthcare coverage for a married couple in their mid 50s. The average PFRS pension is now well OVER $50,000 per year plus you get Cadillac health care, plus the average retirement age is 52 not 67. Add in six months of unpaid leave, paid out at retirement at your highest final rate of comp, not at the comp rate for when most of that leave was awarded. And you’re still complaining that you don’t get social security? Greedy much?
You picked your career I picked mine…. You drove a luxury car in your early 30’s, I’ll drive mine in my late 50’s… it all works out.
Stick around to retire in NJ?!? Are you serious? Outside of the climate, there’s no way that the economy in NJ supports whatever one-time-fix scheme the Gov tries to put in place. This state — and this village for that matter — are constitutionally unable to live within their means so regardless what anyone says today no prudent person could rely on them to live up to their promises — whether they be about benefits or property tax credits. They just want you to put down roots so that they raid the honey pot later when you have fewer options. Or they just want you to stay and die so that they can tax your money AGAIN. Run. Run fast. Run fast and far.
Hmmmm, lets see 9:40 PM, you claim $18,000 is the maximum Social Security Benefit…..WRONG!
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This was taken directly from the Social Security web site (https://faq.ssa.gov/link/portal/34011/34019/Article/3735/What-is-the-maximum-Social-Security-retirement-benefit-payable)
The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2017, your maximum benefit would be $2,687. However, if you retire at age 62 in 2017, your maximum benefit would be $2,153. If you retire at age 70 in 2017, your maximum benefit would be $3,538.
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$2,687.00 X 12 = $32,244.00 – $2153.00 X 12 = $25,836.00 – $35,38.00 X 12 = $42,456.
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So your way low number of $18,000 a year demonstrates you don’t know crap about what you are talking about.
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If anyone is guilty of stupidity and greed it’s you 9:40 pm
You would be criminally insane to want to retire in NJ. See you in Charleston.
Dude needs a major hair removal operation and not all on his head.
My vote for ban this picture contest after Paulis ball dumping canival shot in his jean shorts …never to be seen again James..please …neither are up
For GQ awards