ALBANO: PENSION REFORM IS NEEDED NOW

albanoA recent report says New Jersey is one of about 28 states that has a pension system in real peril. The report says that those state’s pension funds could run dry by 2025. New Jersey’s system would run short by the end of this decade, if the numbers hold true. Assemblyman Nelson Albano is one of those pushing for this system to get reformed, while still trying to protect the workers that are currently in the system as best as possible. Albano said he would be meeting with the governor’s council on Monday on the issue. The assemblyman has been part of legislation to cap payouts to workers.

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