Incompetence, bias and corruption threaten our state pension funds. Act now and demand that our elected officials establish stable financial management, that protects New Jersey’s investments from multinational overreach.
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
The Numbers
The New Jersey Pension fund is run by the Division of Investment. The net assets of the fund as of September 3, 2024 is $71.7M dollars, but is only 54% funded. That meand if all pension employees retired, only 54% would receive their money. Not only is bankrupt but it is also corrupt.
- Public Employees’ Pension Fund 32.1%
- Judicial System Pension Fund 33.1%
- Teachers’ Pension Fund 56.8%
- State Police Pension Fund 54%
*All data as of fiscal year 2023
The alarming figures behind New Jersey’s pension crisis.
%
Police and Firemen's 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
5/20/24
There are great challenges to doing business in New Jersey, which unquestionably disproportionately harms minority- and women-owned businesses.
"Disparities Found Regarding State Minority Business Contracting"
New Jersey Business
January 23, 2024
Gov. Murphy vetoed a 20-year service pension bill for police and firefighters.
Gov. Murphy Vetoed a 20-year Service Pension Bill for Police and Firefighters. Here’s Why"
Rutgers New Brunswick
Sadly, for a lot of our retirees, it’s the difference between keeping a house or not, or staying above the poverty line or not,
"No COLA Increase for Retired NJ Public Workers This Year"
NJ Spotlight News,
July 10, 2024
Join the Fight for Fair Pensions
It’s time to stand up for New Jersey’s public workers. Demand transparency and accountability from Governor Murphy. Together, we can ensure a secure future for our pension funds. Your voice matters—take action today!
Promises made.
Promises not kept… 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.