NJ Budgeted Pension Contributions

The old rich white guys who make up the New Jersey state budget (released yesterday and to be approved tomorrow) decided to add a little more money to the pension system than was originally decided upon. From the FY22 scoresheet (Bud. Res. Number 2607) put into a spreadsheet:

That $505 million will cover about half a month’s payout and it is about $1.1 million in lottery money that explains the difference with the headline numbers.

As an aside, the artificial rush to get this out did result in at least one obvious typo for anyone who actually looks at these numbers to find.

3 responses to this post.

  1. Posted by Stephen Douglas on June 23, 2021 at 10:37 pm

    What happens if they add $7 billion to the fund and the market crashes the next month/week/day? Again.

    Reply

    • Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on June 24, 2021 at 11:27 pm

      What happens to Monkey Boi 🐒 if the market crashes on CalTURDS, which it will. I predict Monkey Boi will be eating fewer 🍌bananas 😺😺😺

      Reply

  2. Posted by Stephen Douglas on June 25, 2021 at 1:52 pm

    Quickly Paying Down Arizona Pension Debt Is a Win for the State’s Taxpayers

    Reply

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