TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
|
Defined Contribution Account Manager Nova 401(k) Associates
|
Senior Specialist 401k Recordkeeping T Bank N.A.
|
July Business Services
|
Greenline Wealth Management
|
Pollard & Associates
|
Regional Sales Director (West) July Business Services
|
New York City District Council of Carpenters Benefit Funds
|
Fringe Benefit Group
|
July Business Services
|
Retirement Planners and Administrators (RPA)
|
Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
|
Great Lakes Pension Associates, Inc.
|
Retirement Solutions Specialists
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
New Jersey Pension Reform Starting with Really Bad Numbers
NJ.com [Opinion] Feb. 10, 2010 Excerpt: In this multi-part series I will look at the proposed legislation in detail starting with some of the assumptions in that 2006 report that make their proposals suspect. Quoting from the Executive Summary: 'New Jersey's retirement systems have an $18 billion unfunded liability.... The State's health care benefits unfunded liability is estimated to exceed $20 billion.' Both assumptions are wildly off, even using 'official' phonied-up numbers. The unfunded pension liability was reported as $34.4 billion on June 30, 2008 and that number should rise to at least $50 billion when the June 30, 2009 reports are released. Using honest assumptions I get a deficit of $133 billion. |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |