See that counter on the right side of this screen? That's counting down to D-Day: the day the NJ pension system runs dry. That's right, I said, 'dry' as in running out of money. That's 12 years. For everyone. E-V-E-R-Y-O-N-E. Doesn't matter if you're a first year teacher or a 20 year retiree. There is no grandfather clause, no sliding scale. Nothing. Nada. Zippo. Say buh-bye to your future and hello to working til you drop.
It's that serious.
How'd it happen? Well, there's plenty of blame to go around starting with Gov. Christie Todd Whitman who, along with subsequent governors from both sides of the aisle, used the fund like a cash cow while we were making our legally obligated payments.
So, what did that get us? This:
Take a look at that red line. That's how much the state has actually contributed since 1996. The blip between '07 and '08 is courtesy of former Gov. John Corzine. The next blip is Gov. Christie's 'fix'. Notice the difference between the grey line (what the state is supposed to contribute) and the actual contribution. So much for his 'landmark' pension reform law that was supposed to solve this crisis. That black line is us—NJEA members steadily making our required contributions while one governor after another used our deferred compensation—not an entitlement—to plug budget holes and who knows what else (perhaps a bankrupt casino in AC?). But what about that grey line? That, my friends, is trouble with a capital 'T'. That is the unfunded liability, the direct result of that red line being flat for years, and the pile of cash the state has to come up with to keep this from happening:That bottom graph tells the whole story. If we do nothing, our pensions will be sunk in 12 years. If we do nothing, we're merely deck chairs on the Titanic. Now, I don't know about you, but I'd rather fight with Rose and Jack than end up as flotsam and jetsam in the North Atlantic.
So, what can you do? Plenty. Here are 5 simple things you can do starting today to join the fight:
- Become a Pension Activist. Go to the NJEA's special pension website and sign up. Please don't say you have no time for this. None of us do, but we have no choice. And besides, no one can fight for your pension better than you. If we all don't fight for this, there will be nothing left to fight for.
- Contact your legislator. You'll find yours here. Call, write, tweet, email, send a carrier pigeon. Do whatever it takes, but make sure they know you expect them to follow the law—the law that had bipartisan support. The full assembly is up for re-election this year, so be sure to contact them first.
- Click on the resources tab for lots of information including the complete NJEA PowerPoint referenced above.
- Join the Payday Twitter Storm. Every 15th and 30th of the month NJEA members are tweeting our state elected officials reminding them that we made our pension payment because it's the law, so why shouldn't they? Use the hashtag #fundnjpension. Not on Twitter? Well, what are you waiting for?
- Stand in solidarity with your NJEA brothers and sisters across the state by wearing black on 5/6/15. That's when the NJ Supreme Court will hear arguments in our case. Post photos of you and your colleagues standing up for your rights, our rights, our deferred compensation on social media.
We are 200,000 strong. Can you imagine if every one of us took action over the next few weeks? Can you imagine if every one of us made our voice heard? Can you imagine what changes we could make?
What would that look like...?
What would that sound like...?
How would you feel...?
Got that mental picture?
Great! Now go do it!
A special note to those who think NJEA has gone against us: While I don't always agree with the decisions made by my association, on this issue I trust them completely. There was no 'deal'. There was an agreement to talk, but never to collude. Did they look at other options? Sure, they'd be stupid if they didn't. But that was never their first priority.
Still not sure? Then ask yourself this: Are you really going to trust this man who has done nothing but denigrate, criticize, bully and flat out lie to us? Who is on a one-man mission to destroy our profession, our students' futures and the one, great equalizer in a democracy? Someone who has called us bullies, thugs, drug dealers, greedy, selfish and lazy?