Public employees and their unions are certainly to blame for allowing promises made to not be fully funded,
Those contributions that public employees make are negotiated at levels they have input into (nothing to do with funding benefits honestly); and
What worthwhile programs for New Jerseyans did those tens of billions of dollars in missed payments fund and, if that money was invested wisely, shouldn’t New Jerseyans be reaping some benefits around now? If the money was not invested wisely then why begrudge not having more of it to waste?
Author(s): John Bury
Publication Date: 11 April 2021
Publication Site: Burypensions