New Jersey has a $150 billion unfunded liability for its pension and health benefits for public employees. In this episode, we discuss the measures included in Governor Murphy’s proposed budget – a $3.8 billion payment to the pension fund and $800 million is cost savings by making changes to the health benefits programs – as well as what else could/should be done to address this mammoth liability that currently comprises 22 percent of the state budget.

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• Learn more about the budget at njcpa.org/njbudget.
  
• Read the Path to Progress report at pathtoprogressnj.org.