Anyone who even casually follows public policy recognizes New Jersey faces a significant challenge with respect to its pension system. The state ranks last in the nation in terms of funding ratio, along with several other metrics that speak to the dimension of the problem.
A number of efforts over the years – notably the New Jersey Pension and Health Benefit Study Commission – have outlined steps to mitigate certain outcomes and to place the state on a more practical path. As New Jersey recently elected a new Governor and with pension funding a clear priority, the opportunity exists to weigh all alternatives moving forward.
Joining New Start New Jersey for an examination of options available to the state as it approaches the pension situation is one of the country’s foremost experts in retirement security, Dr. Teresa Ghilarducci, the Bernard L. and Irene Schwartz Chair in economic policy analysis and Director of the Schwartz Center for Economic Policy Analysis at the New School for Social Research.