From what I read about NJ in another article, I calculated that NJ would need to impose a 25% income tax on everyone in NJ to make up the state pension shortfall, and that would be on top of what they already pay. Needless to say, that is not going to happen. If I were a public employee in NJ, I’d be worrying about how I was going to support myself once the pension system collapses.
That’s gotta sack.