New Jersey state employees are retiring faster this year, up 11% from last year. The state has increased pension and health care costs for state workers. Analysts say that the retirements reflect an aging population, and that retirements are expected to increase. The Governor said that the increased costs for workers were necessary to balance the state budget.
See "New Jersey Public Workers Retire at Fastest Clip in a Decade", Terrence Dopp, Business Week, January 3, 2012