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Money

Setting the Record Straight: How Generous Are New Jersey’s Public Pension Benefits?

Setting the Record Straight: How Generous Are New Jersey’s Public Pension Benefits?
BY JON WHITEN
SPECIAL TO NEWJERSEYNEWSROOM.COM

The Christie administration and other New Jersey leaders are right: The state is facing a significant pension system problem. But those who blame overly generous benefits for these woes are far off base, according to an analysis of the largest 100 public pension plans in the country released today by New Jersey Policy Perspective and the Keystone Research Center.

In fact, New Jersey ranks close to last for overall pension benefit generosity, at 95th out of 100, in part because of cuts enacted in the pension reforms of 2011.

“Retirement benefits are clearly not to blame for New Jersey’s pension mess,” says New Jersey Policy Perspective president Gordon MacInnes. “The culprit, it turns out, is much simpler, though much harder for politicians to demonize than teachers and government bureaucrats: chronic state underfunding.”

 

Marketing Whiz: Brown Helps The Scarlet See Green

Marketing Whiz: Brown Helps The Scarlet See Green
BY JOE FAVORITO
SPECIAL TO NEWJERSEYNEWSROOM.COM

In January 2013 then Rutgers Athletic Director Tim Pernetti looked east to hire someone who could help give not just Rutgers, but college athletics busin...

Mega Millions Winning Numbers for Dec. 19 Worth $125 Million

Mega Millions Winning Numbers for Dec. 19 Worth $125 Million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

No one won the Mega Millions jackpot on Tuesday for the 12th consecutive drawing, but a New Jersey player did get third place money.

The current Mega Millions jackpot st...

Providing Tax Relief to Those Caring for Elderly Relatives: N.J. Bill Clears Assembly Panel

Providing Tax Relief to Those Caring for Elderly Relatives: N.J. Bill Clears Assembly Panel
BY REGINA WILDER
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Legislation sponsored by Assembly Democrats Pamela R. Lampitt Gary S. Schaer, Gabriela Mosquera, Daniel J. Benson and Valerie Vainieri Huttle ...

New Claims Filed Against Walmart for Failing to Accommodate Pregnant Workers

New Claims Filed Against Walmart for Failing to Accommodate Pregnant Workers
BY ELIZABETH GEDMARK
SPECIAL TO NEWJERSEYNEWSROOM.COM

WASHINGTON, DC -  Three legal organizations that brought a class action complaint against Walmart earlier this year for discrimination against ...

3 Reasons New Jersey Parents Have to Pay for College

3 Reasons New Jersey Parents Have to Pay for College
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

A lot of New Jersey’s laws are not like those of other states.

A New Jersey girl’s battle for her college education landed in a Camden courtroom this week, and 21-year o...

Sweeney Statement on New Pension Lawsuit

Sweeney Statement on New Pension Lawsuit
BY SEAN KENNEDY
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Senate President Steve Sweeney issued the following statement in response to the reports that New Jersey’s largest pension funds will file a la...

$118 Million Tax Break for Subaru: Why it's Just a Bad N.J. Shell Game

$118 Million Tax Break for Subaru: Why it's Just a Bad N.J. Shell Game
BY JON WHITEN
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION/COMMENTARY

The EDA approved a $118 million business tax subsidy award to Subaru today,

Below is a statement from New Jersey Policy Perspective presid...

$118 Million Tax Break for Subaru: Why it's Just a Bad N.J. Shell Game

$118 Million Tax Break for Subaru: Why it's Just a Bad N.J. Shell Game
BY JON WHITEN
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION/COMMENTARY

The EDA approved a $118 million business tax subsidy award to Subaru today,

Below is a statement from New Jersey Policy Perspective presid...

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