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.
