N.J. residents owe $15K per person in pension debt. Compromise is the only fix | Opinion
By Star-Ledger Guest Columnist
on October 02, 2016 at 9:30 AM
By Steven Malanga
New Jersey residents have absorbed so much bad news about our state government pension fund that they don’t need much more to convince them the situation has become critical.
But a new report applying stricter standards to all state pension accounting is sobering nonetheless, because it now estimates that New Jersey has the nation’s worst problem, with average debt per resident that’s highest among states, and a funding level below every state but one.
Nah…uh…uhhhh…think again Trenton! This is government debt. New Jersey residents are on the hook for NADA…
Switch all government employees to a 401k also teachers, there pension should not be guaranteed in this day and age. It is time for drastic changes.
Who do you think pays government debt?
Bankruptcy. Just ask trump for pointers. He can bring any business there
Here’s a little reminder sent respectfully and gently….GO FUCK YOURSELFS.
There have to be reforms and more worker contributions. This is probably the only issue that Christie got right – pension reform. Taxpayers have been paying all along and the funds have been promised were unsustainable.
Unions +democratics = financial ruin
to 332, oh come on.
If the previous governors didn’t steal millions of dollars from the pension funds to finance other things the pension system would be fine. Also they allowed the state and towns defer their payments which is B.S. this all will come due.then they make the state and town employees out to be the bad guys I have paid my share of my money the state and towns need to pay their share.and pay back what was stolen.
Pension hogs, sooooooey
1:42 am I hope your retirement fund gets stolen from like the government workers funds were, then talk to me about pension hogs.