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NJ public pensions face fiscal peril as new police and fire retirees grow, study says

DECEMBER 16, 2021 | by Dustin Racioppi | NORTHJERSEY.COM

By Dustin Racioppi, includes “One retirement fund, for police and firefighters, had more people collecting pension benefits in 2019 than current workers, and two others were on a similar trajectory — meaning those funds are less able to handle investments risks, the analysis by the fiscally conservative think tank Garden State Initiative found. … Just about every state has problems with its pension funds for public workers, but New Jersey is in an ‘elite’ group with strained systems that includes Connecticut, Illinois and Kentucky, Biggs said.”

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