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Garden State Crowd-Out: How New Jersey's Pension Crisis Threatens the State Budget (PDF)
Manhattan Institute for Policy Research Link to more items from this source
[Opinion]
Jan. 11, 2018

16 pages. "Since 2014, it has become clear that New Jersey needs a new strategy to address its pension problems.... Absent some unexpectedly robust acceleration of the economy, it is highly unlikely that New Jersey will generate enough new revenues to meet its pension commitments without severely hobbling the rest of the state's budget. At the same time, allowing its pension system to continue to accumulate debt by not contributing adequately to it will push New Jersey toward a potentially catastrophic failure of its government pensions."

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