Posted on

“The ‘Pension Bomb’ is real and the clock is ticking. If pandering politicians like Governor Murphy don’t get honest and act now, it will explode.”

the staff of the Ridgewood blog

Trenton NJ, Over the weekend, The Star Ledger warned that New Jersey is facing what they describe as a $1.2 billion “Pension Bomb”.
The combination of a scheduled payment of the state’s first full recommended pension contribution and Governor Murphy’s reckless rush to lower the assumed rate of return of the system’s investments have created a year-over-year increase of more than $1.2 billion in what taxpayers must pay to keep the public pension system afloat.

Continue reading “The ‘Pension Bomb’ is real and the clock is ticking. If pandering politicians like Governor Murphy don’t get honest and act now, it will explode.”