401(k) Retirement Plan Administrator
Heritage Pension Advisors, Inc.
|
My Benefits, LLC
|
Littler Mendelson, P.C.
|
Pension Investors Corp
|
Principal Legal Content Specialist - Benefits
Bloomberg Industry Group
|
Ubiquity Retirement + Savings
|
401(k) Retirement Plan Administrator
BDS Consulting Group
|
Defined Benefit Plan Administrator
Pension Investors Corp of Orlando Inc
|
Pinnacle, An NPPG Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
![]() |
![]() ![]() ![]() |
<< Previous news item | Next news item >>
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 link above). |
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified). |