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NJ pension shortfall amounts to $26,000 for every resident, group claims

Don’t like the idea of New Jersey's pension funds being almost $80 billion behind? A new report has an even more startling, incomprehensible number: $235 billion.

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Flying Money (Dollar) (selensergen, ThinkStock)
selensergen, ThinkStock
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$59.4K per taxpayer: NJ government debt burden highest in the nation

New Jersey is getting better about divulging its tops-in-the-nation debt burden but still isn’t entirely up front about the depth of that hole, says a think tank report.

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Union members rally in favor of a vote on a pension funding constitutional amendment, on Aug. 1, 2016. (Michael Symons/Townsquare Media NJ)
Union members rally in favor of a vote on a pension funding constitutional amendment, on Aug. 1, 2016. (Michael Symons/Townsquare Media NJ)
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Pension amendment hangs in balance as gas tax deal remains elusive

Senators are still trying to line up votes for the Transportation Trust Fund's gas tax hike. Without them, a deadline for a pension funding amendment may pass.

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PrisonCells-300x2002
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NJ still has dozens of corruption convicts getting public pensions

A decade after lawmakers voted to strip pensions from public officials convicted of corruption, more than $1 million a year is still being paid to them.

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Adventurous senior couple taking travel selfie at Giglio Island
ViewApart
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What pensions mean for unemployment

Q. I have to retire from my state job on Sept. 1, 2016 to get health benefits paid for life — an offer I can’t refuse. I’m 62 and will start collecting a small pension. Can I also collect unemployment? Dealing with cancer, I find myself in panic mode. Help!

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Chris Christie Delivers Fiscal Year 2016 Budget Address
(Jeff Zelevansky/Getty Images)
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No gas tax, no solution for fixing NJ’s roads and bridges … maybe until October?

The impasse over New Jersey’s transportation funding has now gone on for more than three weeks, and Senate President Stephen Sweeney worries it could last more than three months.

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The New Jersey Statehouse (Michael Symons/Townsquare Media)
The New Jersey Statehouse (Michael Symons/Townsquare Media)
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NJ lawmakers are about to approve a $34.8B budget for 2017

State lawmakers are set to approve a $34.8 billion state budget for the 2017 fiscal year Monday. Democrats added around $275 million to Gov. Chris Christie's plan.

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NJ State Supreme Court Judges
NJ State Supreme Court Judges Top row, L to R: Justice Lee A. Solomon; Justice Anne M. Patterson; Justice Faustino J. Fernandez-Vina; Judge Walter F. Timpone; Front row, L to R: Justice Jaynee LaVecchia; Chief Justice Stuart Rabner; Justice Barry T. Albin (NJ State Supreme Court)
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Big win for Christie over pensioners: NJ doesn’t owe cost-of-living payments

Court's ruling Thursday keeps the state from having its unfunded liability increased by about $17.5 billion — and erodes value of public employee pensions.

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Seth Hahn of the Communications Workers of America testifies about pension funding to the Assembly Judiciary Committee. (Michael Symons/Townsquare Media NJ)
Seth Hahn of the Communications Workers of America testifies about pension funding to the Assembly Judiciary Committee. (Michael Symons/Townsquare Media NJ)
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Should pension funding be guaranteed? NJ voters likely to decide

Democratic lawmakers have kick-started efforts to have voters decide whether to guarantee annual payments topping $5.5 billion into public workers’ pension funds.

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Pile of Money
Ingram Publishing, ThinkStock
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NJ in the dark about double-dipping public officials, according to poll

It is often viewed as the poster child for New Jersey political corruption, but most New Jerseyans are not aware of double-dipping.

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