NJ Retiree Update – June, 2021

Again heading the list:

The state website has been updated through June 30, 2021 and here is a little history and the payoffs:

 

Through June, 2018 there were 335,940 retirees getting annualized pensions of $10,928,305,817.

Through June, 2019 there were 342,365 retirees getting annualized pensions of $11,286,481,502.

Through December, 2019 there were 352,416 retirees getting annualized pensions of $11,675,297,749.

Through June, 2020 there were 348,556 retirees getting annualized pensions of $11,663,052,220

Through December, 2020 there were 358,277 retirees getting annualized pensions of $12,024,013.

Through June, 2021 there are 353,404 retirees getting annualized pensions of $12,010,042,203.

There are now 4,427 retirees getting over $100,000 annually with total annualized pensions of $505,773,295. Of those there are now 98 retirees getting pensions of over $150,000 annually:

In the last six months reported there were 5,669 new retirees getting annualized pensions of $232,222,096. Of those 253 started at annual pensions of over $100,000.

3 responses to this post.

  1. Posted by Rex the Wonder Dog!🐶🐶🐶🐾🐾🐾 on July 13, 2021 at 2:06 pm

    There are SO MANY that go to retirees born in 1960 or later, which means they are now age 60 or younger, WELL BELOW the age 66 for FULL SS benefits which average $12K+/-/year. The youngest DOB I saw was 1976, 2 @55 y/o:
    1) Vincent J Fazio @$120K/year
    2) Thomas J Smith @$102K/year

    If they live to age 80, average mortality age for American Males, payout = $2.55-$3 Million. They are making 2-3 times MORE in 25 years in retirement than the per capita worker in CA is making WORKING over 40 years… Per capita INCOME (not pension) in CA is $29K/year. $29K/year x 40 years = $1.16 Million.

    FU Dougieeee.

    Reply

  2. Posted by qpat00 on July 13, 2021 at 2:55 pm

    wonder the size of the boat checks that accompanied those dudes out the door?
    .

    Reply

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