A history of Trenton’s failing pension system
New Jersey’s pension system is a currently a problem for many people – but have you ever wondered when the system started to go wrong?
An article ‘The History Behind Trenton’s Pension Death Spiral’ by Joe Sinagra gives a detailed history about the problems in the pension system. The timeline in the article runs from 1992, when Governor Florio was in office, to the present day. The article outlines how each governor has handled the pension system, and how it has eventually brought the system to its current state.
If you’re confused, frustrated, or intrigued by New Jersey’s pension system, this article is definitely a must read.