No Plan for NJ Pensions

In response to a question about public pensions in New Jersey the guy who is going to finish second in the coming gubernatorial election saw the problem clearly:

Yet when it comes to addressing the state’s huge unfunded pension liability, the plan varies little from Murphy’s:

Takeaway is that both candidates vow that monthly checks will keep coming though Ciattarelli did not commit to keeping the same dollar amount on those checks. For that matter neither does Murphy though he may have promised his union bosses those checks would someday again include COLAs.

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