Excerpt:
That is what the Murphy administration has to believe for them to send out this piece of gripka:
….
treating $10.19 billion in Biden relief money as if it will never have to be repaid (one way or another).
Keep in mind when reading just this one excerpt below that $6.9 billion represents about six months worth of payments out of a pension system that is still accruing benefits at record levels and as of June 30, 2020 reported unfunded liabilities under GASB of $128 billion.
Author(s): John Bury
Publication Date: 2 July 2021
Publication Site: Burypensions