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3Hotdogs

(14,057 posts)
3. $16,900. Essex County.
Mon Feb 10, 2025, 04:13 PM
Feb 10

Yes, I am not starving and I have a couple'a hundred left over at the end of the month.

The point is, we were REQUIRED to contribute to the pension fund. This was in exchange for a promised, lifetime pension, paid medical AND cost of living increase.

If the contribution wasn't mandatory, we could have put it in S & P and DJ index funds and would have been better off.

Whitman borrowed from the fund in order to avoid a tax increase. She promised to repay the money. She didn't.

Christie, and succeeding governors were supposed to contribute to the pension fund in order to stabilize it. This was not done until Murphy's administration.

What is frustrating, is when we read about state giveaway programs: some good, some harebrained. Instead of the money being used to fulfill the state's contractual obligation to the pensioners.

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