New Jersey’s $100K Club of retired public officials earning more than $100,000 a year has more than doubled in the past four years - from 971 to 1,988 - the elite “1-percenters” among New Jersey’s 285,000 retirees. (Click here for the list) .. ..... “If taxpayers want to get angry with someone, they need to ask their local and state politicians how they allowed the system to get to the point it is at.” By age 80, his statistical life expectancy, Blaettler will have collected more than $4.5 million from PFRS.
Such fat public pensions are symbolic of the follies, foibles and governmental mismanagement that have led to a $170 billion shortfall in the state retirement system, according to official numbers from the state Treasury. That figure includes:
- $82.7 billion in unfunded liability for the pension plans of state workers;
- A $20.7 billion shortfall for the pensions of local government employees who collect retirement checks from the state;
- $53 billion in unfunded health benefits for state retirees; and
My Take - And Christie wants to do for the same for the nation I suppose? Irrespective of his later comments he was a partner in bringing this about in New Jersey in the first place. Didn't he notice this was a disaster in the making five years ago, ten years ago....or did he just notice it while running for a second term. If Christie failed to recognize this until his second term can we assume he's not the brightest pebble in the brook? If not - then was have to assume he knew but simply didn't care until it became politically expeidient to talk about caring. Either way, that doesn't seem to present the best case to be President of the United States. Or did I miss something?