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New Jersey must address pension problem ASAP

MAY 24, 2019 | by Matthew Glans | THE HEARTLAND INSTITUTE

New Jersey’s current total pension liability is $115 billion, making it one of the worst-funded pension systems in the country. To put this in perspective, New Jersey’s pension debt exceeds its $37.4 billion annual budget. The state pension system covers nearly 800,000 current and retired public employees. 

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