New Jersey Pension /Health Benefits Underfunded by $90 Billion

Entitled Truth & Consequence, this “status report” from the New Jersey Pension and Health Benefit Study Commission opens by stating that “The public employee pension and health benefit systems of the State of New Jersey face problems that are dire and likely to worsen unless action is taken. This is a matter of pressing concern to the public employees and retirees who rely on these systems to protect their families’ health and provide for retirement.”(3) Charts and figures highlight the Commission’s findings; possible solutions are hinted at, none of them really palatable.(28) A final report detailing solutions is promised. The document ends thusly: “This problem is dire and will only become much worse if meaningful steps are not taken quickly.”(32)


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.