Thursday, February 25, 2010

Pension Hell

It isn't unique to New Jersey, but they're one of the more egregious in underfunding their pension system.

The long term deficit in the retirement funds for state and local government workers, police, firefighters and educators grew by $11.5 billion in fiscal year 2009, according to reports released today.


Gov. Christie plans to eliminate an already small state payment in order to balance the current budget.