By Andrew Moran, includes “… As New Jersey mafiosos would say, fuhgeddaboudit. New Jersey’s public pension and health-benefit system is on the road to fiscal disaster. Policymakers are in denial, though. Earlier this month, Elizabeth Muoio, acting treasurer, thought it was a grand idea to raise the public pension system’s rate of return from 7% to 7.5%. … Murphy has a feeling he has solved its woes: turn to the taxpayers to bail out civil servants.”
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