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.
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