Scariest NJ Pension Report Numbers – 2021

You might have your own but based on this spreadsheet, created by pulling off pertinent valuation data from each of the July 1, 2021 actuarial reports for the New Jersey retirement system with tabs for similar data going back to 2020, 2019, 2015, 2012, and 2000, here are mine:

$119,849,137,218: Value of benefits payable to retirees

$104,727,739,422: Market value of ALL assets

$15 billion short for current retirees ALONE even when considering:

  • phony assumptions used to value liabilities,
  • assets that include tens of billions in self-valued ‘alternative’ investments, and
  • state contributions dependent on illegal borrowing and covid relief money.

442,705 public employees have nothing in their pensions but IOUs and their $2.2 billion in annual contributions (and roughly $30 billion in accrued contributions) are propping up a ponzi scheme.

One response to this post.

  1. […] fund (TPAF) is still at risk despite record contributions by Gov. Murphy.  The ever-vigilant BuryPensions  provided some additional words (data) of warning about the condition of New Jersey’s public […]

    Reply

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: