The Asbury Park Press published an article in today’s Sunday edition addressing the ability of The State of New Jersey to honor its pension obligations to those public employees that have been paying into the retirement system since the start of their public employment . The article, entitled "Can New Jersey Keep its Pension Promises?"
New Jersey Public Pension System
U.S. State Pensions Face Overhaul in Bad Economy
By Donald C. Barbati on
Posted in Retiree Benefits
Recently, Karen Pierog and Jim Christie published an article addressing state pension overhauls during these tough economic times. Specifically, the article examines how Illinois, California, and other states have instituted reforms to combat increasing and debilitating unfunded pension liabilities.
According to the article, the National Association of State Retirement Administrators found a nearly $443 billion …