Exposing Fraud in New Jersey's Broken Pension System
Former cops collect hefty lifetime pensions thanks to bogus disability claims.
Former cops collect hefty lifetime pensions thanks to bogus disability claims.
Trying to hit those optimistic return guarantees
Pension spiking bounces back and unions look for any excuse for an exemption
Employees required to contribute 3 percent into own retirement fund
Whines about "political timidity" while failing to organize a solid solution
Has investments in company that manufactures gun used in Sandy Hook shooting
Governor continues to vaguely ask for somebody to do something or other
But measure to shift responsibility for educators' retirement funds from state to school districts abandoned
Something else to focus on besides their dismal returns
States offering the highest salaries aren't getting the best returns
Solutions a far cry from dealing with issues of sustainability
California pursues pension investments into its expensive boondoggle
Says it was due to self-imposed deadline, not union opposition
Videos! Social Media! People like that stuff, right?
Sets up website explaining how state employee pension debts are squeezing out other spending
Agency has run deficits for 10 years now
It's Jersey, you can't expect better
Good luck getting that speeding ticket thrown out!
Both NJ ballot questions passed with significant majorities
Instead, he will get $240,000 a year, so hold the applause
The private market gets it, anyway.
Opponents worry it will be used to prop up ailing state employees' programs
Sen. Jim DeMint leads effort to force states to clean up their own messes
That ... actually makes sense. So it'll never happen here.
The taxpayers are, of course, on the hook for the shortfall
With virtual one-party control, it's a family dispute
Most changes will affect new government hires, but also fights pension spiking
Tax-free pensions without losing the ability to work and draw another salary - what's not to like?
Executives in school districts getting big raises before retiring
Most savings come from future hires, does little to address current unfunded liabilities
The decision is based on weak funding for government pensions and a "lack of action on reform measures."
Plan for California will help fight fraud and pension spiking, but doesn't deal with the reality of the system's unsustainability.
Deal brokered by Democrats and union leaders to cut the state's public employee pension costs.
Several creditors say they are owed $39.5 million and are victims of an alleged Ponzi scheme.
The state's credit rating and finances are on the line
Businesses don't want one, unions don't want the other. Guess which one threatens a "war?"
Agree to pay freeze, switch from pensions to 401(k) program.
What to look for as your burg goes belly up!
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