Tag: New Jersey
State faces big pension hurdles going forward. Anyone even slightly interested in pensions – or politics – knows that on February 24, 2015 a New Jersey judge ordered Gov. Chris Christie to reverse a $1.57 billion underpayment in 2015 to the state’s pension fund. This seems like a terrific decision given that the State mad…
The state will need to put more money in to cover unfunded liabilities. Governor Christie is to be commended for allocating $2.25 billion of his FY 2015 budget to New Jersey’s state-administered pension funds. He is indeed correct that this amount – while far short of the actuarially required contribution – is large for New…