Your Money Is Going To……

One of Governor Christie’s first initiatives was to call for transparency, especially in regard to pensions, which led to the creation of the YourMoney website.

Nothing much got done on the pension front but we do now have a listing of participants in the state pension, both retired and still working, updated through September, 2016 which yields this data:

Still working: 391,283 with total annual salaries of $24,298,374,674 sorted by salary

Retired: 327,554 with total annual pensions of $10,415,018,061 sorted by name

Retirees in the last year: 14,945 with total annual pensions of $537,620,712

Highest paid

njact-sal

Largest Pensions

njret-high

 

Largest Pensions- retired in last year

njret16

 

12 responses to this post.

  1. Posted by Anonymous on January 3, 2017 at 1:22 pm

    A couple of quick initial assessments;

    1. Those active and retired listed above seem to be local government or State Universities. I didn’t notice and State government Departments or Agencies listed.

    2. The actives with an estimated 35 plus years of service must either love their job or they’re financial idiots because they’re literally working for nothing. Probably mostly educators, oh well.

    The excessive pensions, say greater than $75k should be part of any future reforms. Legally this will be challenging but maybe the reforms being discussed, whether you agree with them or think they will ‘solve’ the problem, can address this by a graduating reduction of healthcare coverage for retirees starting at an annual pension of ?

    Reply

    • Posted by PS Drone on January 3, 2017 at 9:22 pm

      The right hand column on the pension lists should not exceed $60,000. That and deferral of payments to age 66 solves the underfunding problem.

      Reply

  2. Posted by NY on January 3, 2017 at 2:00 pm

    @Anonymous: Perhaps they’re not in fact working for nothing, notwithstanding whatever their W2 says. Perhaps being in a position of power in govt allows them to generate “income” in ways that they couldn’t once they leave that position…

    Reply

  3. Posted by steve on January 3, 2017 at 4:34 pm

    Happy New Year–why do I feel I just got mugged by some one with a text book?-como and sanders want to give away more free education in new york–talk about job security——-trump where art thou ?– (the hudson river is no longer a viable barrier)

    Reply

    • Posted by Anonymous on January 3, 2017 at 5:46 pm

      Trump? With his billions on the backs of minimum wage workers, really?

      Reply

      • Posted by Anonymous on January 4, 2017 at 2:03 pm

        As of Jan. 20, 2017 all US public retirees will be on Trumpcare” the new ACA replacement to “Obamacare” can’t wait to see the impact of this Trumputin fiasco. New world order via Putin Republican Party.

        Reply

  4. Posted by steve on January 3, 2017 at 8:37 pm

    if you are doctor you get doctors pay if you flip burgers you get cooks pay-it is really easy to give away other peoples money–charity begin at home-like it or not every job has a value attached

    Reply

    • Posted by Anonymous on January 3, 2017 at 8:49 pm

      In theory yes but when the capitalistic scales are unfairly titlted in favor of the masters no way and you know it.

      Reply

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