The Funding Crisis for New Jersey’s Public Worker Pension and Health Benefits

April 9, 2019

New Jersey has a $150 billion unfunded liability for its pension and health benefits for public employees. In this episode, we discuss the measures included in Governor Murphy’s proposed budget – a $3.8 billion payment to the pension fund and $800 million is cost savings by making changes to the health benefits programs – as well as what else could/should be done to address this mammoth liability that currently comprises 22 percent of the state budget.

Dale  Florio

Dale Florio

Dale J. Florio brings over three decades of public affairs experience to the service of his clients. With a highly successful track record at all levels of government, Mr. Florio is widely recognized as one of the most influential public affairs professionals in the Garden State. In fact, PPAG– Princeton Public Affairs Group has been consistently named New Jersey’s Number One Lobbying Firm for the last fifteen years in a row.A graduate of Allegheny College with a B.S. in Economics and Seton Hall University Law School, Mr. Florio was admitted to the practice of law in New Jersey and Pennsylvania.

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Jeffrey  Kaszerman

Jeffrey Kaszerman

Jeff Kaszerman is the vice president of government relations for New Jersey Society of CPAs. He works with the CEO and board of trustees to create and implement advocacy initiatives that protect and promote the interests of the CPA profession, the business community and the public.

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Richard F. Keevey

Richard F. Keevey

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