NJ Spotlight News
All signs point to another full state pension contribution
Clip: 1/26/2023 | 3m 49sVideo has Closed Captions
The public-worker pension system was chronically underfunded for decades
As we head into budget season, the annual guessing game can begin as to where Gov. Phil Murphy will prioritize state money. This week, reporters gained a few clues on the public-worker pension system, which was chronically underfunded for decades. It appears to be on track for another full payment to cover the retirement benefits of an estimated 800,000 current and retired government workers.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
All signs point to another full state pension contribution
Clip: 1/26/2023 | 3m 49sVideo has Closed Captions
As we head into budget season, the annual guessing game can begin as to where Gov. Phil Murphy will prioritize state money. This week, reporters gained a few clues on the public-worker pension system, which was chronically underfunded for decades. It appears to be on track for another full payment to cover the retirement benefits of an estimated 800,000 current and retired government workers.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS