Thomson Goes on Offensive to Changes in State Pension Funds on Two Fronts

March 5, 2018

TRENTON, NJ — Assemblyman Edward Thomson (R-Monmouth/Ocean) is criticizing the Murphy administration’s decision to make an accounting change that he says will lower the state’s pension payments by more the $235 million for the upcoming fiscal year.

Thomson voiced his opposition to Acting-Treasurer Elizabeth Muoio’s decision on March 2 to use a 7.5 percent assumed rate ...

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Belmar/Lake Como