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Credit: (Edwin J. Torres/ NJ Governor s Office/CC BY-NC 2.0) Feb. 20, 2021: Gov. Phil Murphy delivers his pre-taped budget message in Trenton. Just the announcement that New Jersey wants to make a full public-worker pension payment during the state’s next fiscal year has thrilled labor union officials. For more than two decades they’ve watched the state routinely short pension payments, allowing a huge unfunded liability to pile up. “It is a stunning accomplishment and we’ve waited a really long time for someone to do it,” said Hetty Rosenstein, state director for the Communications Workers of America labor organization. But for Gov. Phil Murphy and the governors who will serve after him the task only begins with that first full payment, which Murphy has promised the state will make during the fiscal year that begins July 1.

New jerseyUnited statesJennifer sciortinoJon corzineChris christieCharles steindelPhil murphyDepartment of treasuryAssembly speaker craig coughlind middlesexRamapo college ansfield school of businessPenn institute for urban researchVolcker allianceEdwinj torres nj governor officeCommunications workers of americaHetty rosensteinCommunications workers