New Jersey's Public Worker Pension Crisis

In fiscal year 2018/19, New Jersey will spend $6 billion for state and local government worker pensions and health benefits. This is expected to rise to $11 billion in 2023, representing 27 percent of the state’s projected budget. The state has unfunded pension and benefits liabilities of $151 billion, the worst in the nation.

The NJCPA has endorsed the pension and health benefit reform recommendations in the Path to Progress report issued by the New Jersey Economic and Fiscal Policy Workgroup. 


 


NJCPA Supports Path to Progress Legislative Package
 

NJCPA Supports Path to Progress Legislative Package

Posted: May 16, 2019
The NJCPA strongly endorses the reform recommendations spelled out by the New Jersey Economic and Fiscal Policy Workgroup in its “Path to Progress” report and is pleased that many of the recommendations are now included in a sweeping new package of bills introduced by Senate President Steve Sweeney.



NJCPA Responds to Governor Murphy’s Proposed FY2020 Budget
 

NJCPA Responds to Governor Murphy’s Proposed FY2020 Budget

Posted: March 6, 2019
While the NJCPA commends Governor Murphy for addressing issues such as health care spending, high property taxes and the growth of small businesses in his budget presentation, we are concerned that the proposed increased spending and revenue raisers will have far-reaching consequences, affecting New Jersey’s ability to grow and attract business.​





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