What problem does it solve? The impending insolvency of the NJ Pension System. What is your solution and who does it apply to? Use some of the "Opportunistic Investments" (.58%) of the Pension Fund to invest in Bitcoin. This applies to all people in the NJ Pension system. What is the anticipated impact? Turning less than .58% of the pension fund into a value that equals or surpasses 10% of the current total value of the Pension Fund.
Thanks for your comment, interesting thoughts. I just want to make sure that the 7.5% they take from us every two weeks doesn't evaporate into the void of insolvency. There is a very high risk of this happening due to the mismanagement of the Pension by political leaders.
This can be done, but both sides need to compromise. I think the best solutions is to have a hybrid pension where you get a fixed pension and also a 401 (k) managed by the private sector that is funded partially by the State and employee contribution would be optional such as a differed comp plan right now.
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