the staff of the Ridgewood blog
Trenton NJ, Over the weekend, The Star Ledger warned that New Jersey is facing what they describe as a $1.2 billion “Pension Bomb”.
The combination of a scheduled payment of the state’s first full recommended pension contribution and Governor Murphy’s reckless rush to lower the assumed rate of return of the system’s investments have created a year-over-year increase of more than $1.2 billion in what taxpayers must pay to keep the public pension system afloat.
