There was only 2-1/2 minutes dedicated to the New Jersey pension mess on the Eyewitness News Upclose program this morning but some of what came out was notable, and possibly even true:
- DiVencenzo and Norcross being the two political bosses who gave the OK on the 2011 pension reforms (I’m guessing – if anyone out there knows better or can confirm, please tell us).
- New Jersey has the most underfunded state pension system? It’s possible and Bramnick did not dispute it, though Kentucky and Illinois might, but the real scandal is we don’t know for sure. There are no objective standards that states are required to use to report their liabilities (and assets) that would allow for honest comparisons.
- When is someone going to challenge that ‘more money into the pension system than any other governor’ misdirection by asking which governor has skipped the most payments into the pension system?