State of New Jersey

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New Jersey Politicians Have Been Using State Pension Fund Money for Other Purposes for 15 Years!

balibones balibones about 1 year ago about State of New Jersey

For 15 years, the state has been using money from its pension fund for state and local workers for other government purposes. In 2005, New Jersey put either $551 million, $56 million or nothing into its pension fund for teachers. All three figures appeared in various state documents — though the state now says that the actual amount was zero. [read more]