This is the first in a series of charts designed to illustrate the context and consequences of New Jersey Gov. Chris Christie’s plan to cut the state’s pension contributions by $2.4 billion over the next two years.
As you’ll see in the chart below, beginning in 2010 New Jersey was slowly paying higher percentages of it’s required annual contributions into the pension system. Its 2014 payment was set to be the biggest yet–but that will no longer be the case.
Stay tuned for more charts on a weekly basis, including New Jersey’s contributions to other systems, what those contributions look like side-by-side with unfunded liabilities, and how Christie’s cuts will affect system liabilities and state contributions going forward.
[iframe src="<iframe src="//e.infogr.am/chart-88419263041" width="625" height="732" scrolling="no" frameborder="0" style="border:none;"></iframe><div style="width:100%;border-top:1px solid #acacac;padding-top:3px;font-family:Arial;font-size:10px;text-align:center;"><a style="color:#acacac;text-decoration:none;" href="//infogr.am" target="_blank">Create Infographics</a></div>]
I’d like to see a chart comparing the “generosity” of Public Sector workers in NJ to their Private Sector counterparts.
Your focus on “contributions” or funding is misleading BECAUSE “funding” FOLLOWS “generosity” and very generous Plans (as are ALL Public Sector Plans) will always be VERY difficult to fund …because very GENEROUS Plans are extremely COSTLY
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I can not grant upon all, still the trouble is really beautiful. Congratulations!
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There are some interesting points in time in this article but I don’t know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Good article , thanks and we want more! Added to FeedBurner as well
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Thanks so much for the article post.Much thanks again. Great.
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I think this is a real great blog post.Really thank you! Cool.
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Yourr style iis really unique inn comparison to other folks I’ve
read stuff from. Thankk yoou for posting when yyou have
the opportunity, Guess I will jusdt book mark this site.
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Cool. Do you do have a list? This is the thing that I became interested in. Much appreciated! 😉
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