NJEA’s Math Problem: New Jersey Will Never Be Able to Fully Fund Pensions Without Concessions
It’s just so Jersey. Senate President Steve Sweeney, gubernatorial-hopeful, makes the fiscally responsible decision to delay a Senate vote on a constitutional amendment that would require the state to fully fund teacher pensions. Irate NJEA leaders, still clutching a grudge over Sweeney’s involvement in the state’s 2011 pension/health benefits reform law, hang the eminent legislator out to dry and make an early endorsement of Phil Murphy, a Goldman Sachs multimillionaire who makes fantastical promises about fully funding pensions yet surely knows better..
Hence, New Jersey continues its long history of making promises to retired teachers that it will never keep.
