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Fight Back: Demand Pension Justice Now
If we don’t demand full transparency and real accountability right now, your hard-earned retirement could vanish. Silence is no longer an option – join the fight to save our pensions – before there’s nothing left to save.
The Issue
Incompetence, political bias, and outright corruption are draining our state pension funds and threatening your retirement plans. If we don’t act now, mismanagement will collapse our investments and retirement system. Demand urgent action from our elected officials. We need real accountability, transparency, and stable financial leadership before it’s too late. Your security and your future all depend on it.
New Jersey has a pension and benefit crisis. We have the worst-funded public pension system in the nation.
"Pension and Benefit Crisis"
NJ Spotlight News, July 10, 2024
Voices of Concern: A Call for Pension Reform
The richest pension fund in the United States is now a shadow of itself with no COLA payouts for decades…
My husband spent 30 years in Newark as a firefighter and this has been going on for years, the state abusing the pension, putting devoted men at risk in their retirement years. Its a total disgrace, these politicians don’t care!
…I can no longer afford to live with reasonable comfort, I have to fear of losing the little bit of money I receive from my pension…
Transparency is key!
We need our COLA back!!!!!!!!! Consider those who have protected N.J. during their chosen career and expected this at the end of their career!
Give them what they paid into. Be responsible.
The Numbers*
Behind closed doors, the Division of Investment is gambling with your future. As of September 3, 2024, the fund holds $71.7 billion – but it’s only 43.5% funded, on average. That means if you retired tomorrow, nearly half of you would be left with nothing. This isn’t just mismanagement. It’s collapsing and it’s happening under a cloud of corruption and secrecy.
- State Public Employees’ Pension Fund 36%
- Judicial Retirement System Pension Fund 35%
- Teachers’ Pension & Annuity Fund 46%
- State Police and Firemen’s Retirement System 39.95%
- Local Police and Firemen’s Retirement System 72%
*All data as of fiscal year 2024
The alarming figures behind New Jersey’s pension crisis.
%
NJ State Pension Funding**
The Headlines
…one of the nine worst public pensions funds in America. TPAF is projected to run out of money in 20 years or less, which would be a disaster for New Jersey.
"Gov. Murphy Continues To Fiddle While The Teachers’ Pension Fund Burns"
Sunlight Policy Center of New Jersey
5/20/24
Murphy's Men
Governor Murphy's Hand-Picked Enforcers Serve His Political Agenda
Both Senator George Helmy and Attorney General Matt Platkin were strategically appointed by Governor Phil Murphy to key positions where they could advance his political objectives and shield his administration from scrutiny.
George Helmy
U.S. Senator
Senator George Helmy Under Fire for Ethics Violations and Abuse of Power
Senator George Helmy is facing mounting criticism following revelations of multiple ethical breaches and potential criminal conduct during his time in office. The allegations paint a troubling picture of a politician who allegedly leveraged his position for personal and political gain, undermining public trust and democratic processes. These serious charges have prompted calls for investigation and accountability from both political opponents and ethics watchdog groups.
Documented Offenses
- Election Interference – Allegations of improper involvement in electoral processes and potential manipulation of voting procedures politico.com
- Overreach in Pending Criminal Prosecution – Inappropriate interference or influence attempts in ongoing criminal cases beyond his official capacity nypost.com
- Misuse of Political Privilege During Covid – Exploitation of emergency powers and special access during the pandemic for personal or political advantage newjerseymonitor.com
Matt Platkin
Attorney General
Attorney General Matt Platkin Faces Multiple Ethics and Misconduct Allegations
New Jersey Attorney General Matt Platkin is confronting a series of serious allegations that call into question his adherence to legal standards and ethical conduct in office. The mounting accusations suggest a pattern of overstepping constitutional boundaries, political manipulation, and failure to properly handle sensitive cases. These controversies have raised concerns about the integrity of the state’s top law enforcement office and have drawn criticism from across the political spectrum.
Documented Offenses
- Disregarded Bipartisan Transparency Laws – Failure to comply with legally mandated disclosure requirements and public access provisions njassemblygop.com
- Overreach in Police Takeover – Exceeded legal authority in attempts to assume control over local law enforcement agencies newjerseyglobe.com
- Bias/Political Targeting – Allegations of using prosecutorial power to selectively target political opponents or allies newjerseyglobe.com
- Mishandling Sexual Assault Complaint – Improper procedures or negligence in processing sensitive criminal allegations newjerseymonitor.com
- Undisclosed Misuse of Taxpayer Funds for Offshore Wind Project – Unauthorized or improper allocation of public resources without proper disclosure or oversight insidernj.com
Promises made.
Promises broken… again.
The Corruption
Corruption has seeped into the system, diverting funds meant for our heroes’ futures.
Political Mismanagement
Decades of mismanagement have left pension funds depleted, endangering livelihoods.
Broken Promises
Despite repeated assurances, the funds remain misallocated, affecting countless lives.