Op-Ed: Pensions, Politics, and the New Jersey Education Association
By Michael Lilley
New Jersey’s public pension and health-benefit system is a looming disaster that threatens the future of the state. According to my research and a recent report by WNYC – under new, more realistic accounting standards, the total amount of the state’s unfunded public-pension and retiree healthcare liabilities is $253 billion. The state budget is… Read the rest of this entry »