December 17th, 2014 by Stephen Herzenberg | No Comments
While one of the central tenets of repeated calls for major changes to New Jersey’s public pension system is the claim that public employee pensions are overly generous, retirement benefits for the state’s public workers are already among the least generous of all large public-sector pensions in the country, in part because of cuts enacted in the pension reforms of 2011.
December 2nd, 2014 by Brandon McKoy | No Comments
The key measurements of economic security from 2013’s Census data tell a distressing story for New Jerseyans.
October 15th, 2014 by Jon Whiten | No Comments
If you’d prefer to read a PDF version of this report, click here. More than five years after the official end of the Great Recession, New Jersey’s economic growth is stalled, lagging far behind the recoveries of the nation and our neighbors. One harrowing byproduct of this soft recovery is that the share of jobless […]
October 7th, 2014 by Stephen Herzenberg | No Comments
In the face of its multi-billion-dollar unfunded pension liabilities, New Jersey would be ill-advised to switch to a transparently inferior retirement plan design such as 401(k)-style accounts. In fact, high investment returns combined with low costs make DB pensions the most cost-effective retirement plans over the long term, which benefits taxpayers and public-sector retirees.
September 30th, 2014 by Erika J. Nava | No Comments
Allowing all residents the opportunity to drive legally would make New Jersey safer, help its economy and increase the well being of many families. The Garden State should follow the lead of 11 states and Washington D.C., and ensure that all drivers, regardless of their immigration status, are tested, trained, licensed, insured and accountable for their driving records.
September 22nd, 2014 by Brandon McKoy | No Comments
As the rest of the country marches out of the Great Recession of 2009, New Jersey is almost alone in watching its condition worsen. While some gains have been made over the past several years, the “Jersey Comeback” announced years ago has stalled out, stunting the opportunities for the vast majority of working New Jerseyans. The 2013 American Community Survey data released last week by the US Census Bureau show that the state still suffers from rising levels of deep poverty, increasing income inequality and a struggling economy even as these metrics are improving for most of the nation.
August 20th, 2014 by Raymond J Castro | No Comments
Evidence is mounting that New Jersey’s inadequate support of the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps) is resulting in the delay or the denial of critical food benefits to hundreds of thousands of struggling New Jerseyans and the potential loss of up to $500 million in federal funds annually.
July 16th, 2014 by Daniel Munczek Edelman | No Comments
Increasing New Jersey’s tipped minimum wage would help increase the economic security of more of New Jersey’s low-wage workers, and would ensure a modest baseline of support that hard-working New Jerseyans could rely on.
June 11th, 2014 by Jon Whiten | No Comments
New Jersey has awarded more than $4 billion in tax subsidies and credits to businesses this decade in a largely unsuccessful attempt to spur economic activity and boost the state’s crawl out of the Great Recession.
April 29th, 2014 by Jon Whiten | No Comments
Last year New Jerseyans overwhelmingly voted to raise the state’s minimum wage to $8.25 an hour and tie the wage floor to future increases in the cost of living. The increase was a big victory for New Jersey’s low-wage workers, but $8.25 an hour still doesn’t cut it in high-cost New Jersey.