A Look at the New Jersey Pension System

by Daniel Strachman

The threshold for jaw-dropping news out of Trenton has long been high. But the recent revelation that New Jersey’s contribution to its atate pension fund could have been as high as $551 million or as little as nothing was astounding. True, New Jersey always ranks at or near the top of the list of wealthy states. But even here, a half billion dollars is more than a rounding error.

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