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New Jersey Chamber of Commerce President: Pension Proposal Is 'Economic Armageddon'
NJ.com
June 21, 2016 "If the Democratic amendment is approved by voters, the state will be constitutionally required to begin making contributions into the pension fund in the fiscal year that begins July 1. The payments will increase annually until reaching the full pension contribution recommended by actuaries in 2021, which is more than $5 billion.... Two of the largest pension funds are in danger of running out of money in 2024 and 2027." MORE >> |
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