NJ State of State

I picked up New Jersey Governor Phil Muphy’s State of the State address to check for any mention of pensions at the 32 minute mark on youtube which reported:

2642 watching now – Started streaming 32 minutes ago.

Three minutes later it was over. In 2019 this took two hours though the difference could have been accounted for by the elimination of the preliminary backslapping and recurring applause breaks. However, this year it did include a 5 minute filmed intro that had me looking for the ‘Skip Ad’ rectangle.

As for pensions:

No mention (though I might have missed it as while listening I was making up another blog on another Union plan filing to cut benefits). What I did get was this tacit admission to the people who pay the highest taxes in the nation that it’s not enough.

Full speech:

6 responses to this post.

  1. Posted by Tough Love on January 12, 2021 at 2:49 pm

    Quoting …………. “New Jersey Murphy Can’t Cut and Slash”

    Is reducing the now ludicrously excessive Public Sector pensions and benefits to a level, that together with wages and benefits (thereby giving Total Compensation), is EQUAL to that typically granted Private Sector workers in comparable jobs (or in jobs requiring reasonably comparable experience, education, skills, and knowledge when the identical jobs does not exist in the Private Sector ….. e.g., Police Officers), really “pulling the rug out from under” the PUBLIC SECTOR middle class ………. or just eliminating the current financial ABUSE of NJ’s Taxpayers ?

    We must pass whatever Regs. Laws, etc, are necessary to enable (and then rapidly implement) a VERY material reduction in the pension accrual rate for the future service of all CURRENT Public Sector workers, and VERY rapidly (over no more than 3 to 5 years) grade out ALL retiree healthcare subsidies, noting that they are all but non-existent as an employer-sponsored benefit in the Private Sector today.

    We will make no progress towards ELIMINATING this financial abuse with a Governor (like Murphy) so beholden to the Public Sector Unions.

    WAKE UP NJ Taxpayers !

    Reply

    • Is reducing the now ludicrously excessive Public Sector pensions and benefits to a level, that together with wages and benefits (thereby giving Total Compensation), is EQUAL to that typically granted Private Sector workers in comparable jobs (or in jobs requiring reasonably comparable experience, education, skills, and knowledge when the identical jobs does not exist in the Private Sector ….. e.g., Police Officers), really “pulling the rug out from under” the PUBLIC SECTOR middle class ………. or just eliminating the current financial ABUSE of NJ’s Taxpayers ?
      Why even EQUAL? Gov employees have civil service job protections that are unheard of in the real world, PLUS 45-55 PID days off (2-3 MONTHS!). Pay them LESS in salary, that is my position.

      Reply

  2. Posted by geo8rge on January 12, 2021 at 8:08 pm

    15:40 Largest infrastructure program in the history of our state.

    17:05 100% clean energy economy by 2050 (I assume the refineries around Bayonne can stay)

    Wind port, Construction is targeted to begin in 2021:
    https://nj.gov/windport/
    https://en.wikipedia.org/wiki/Artificial_Island%2C_New_Jersey

    Reply

  3. Posted by MJ on January 13, 2021 at 7:24 am

    Who is he referring to when he talks about pulling the rug out from under “our middle class” the million dollar or more public worker pension recipients with gold plated life time health benefits? Anybody know what is considered “middle class” in NJ?

    Reply

    • In 2016, middle class in NYC metro area was $55k to $165k.

      Reply

    • Posted by Tough Love on January 13, 2021 at 11:56 am

      I believe he was talking about HIS base, ALL of NYC’s Public Sector workers, a;most all of which are middle class (especially when based on Total Compensation).

      That was the basis for my above comment. NYC’s Taxpayer NEED TO pull some of that rug out from under them.

      Reply

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