Pension and Benefit Crisis

June 7, 2021

Tax Foundation: NJ Pensions Are the Worst Funded in the Nation. Why Is Gov. Murphy Pouring in Billions of Good Money After Bad?

Just as Politico is reporting that Gov. Murphy is considering making a payment even larger than last year’s $6.4 billion (14% of the entire state budget) […]
February 25, 2021

Kudos to the Record’s Charlie Stile: Borrowing $4.3 Billion to Make a $6.4 Billion Pension Payment is POBs All Over Again.

The Record’s Charlie Stile is one of the very few people in NJ who recognize that Gov. Murphy is effectively reprising the disastrous 1997 Pension Obligation Bonds (POBs) […]