New Jersey’s public pension liabilities are estimated at more than $200 billion and growing each year. Whether we like it or not, taxpayers will be on the hook. The first pension fund goes broke in 2021.
We need to tackle this impending crisis — and fast. Fortunately, Senate President Steve Sweeney’s new bill, S861, will do exactly that by:
- Reforming the defined-benefit system.
- Allowing public employees to access 401 (k)s.
- Reforming public health benefits.
We need to act now. Tell your lawmakers to support S861!