By Steven Malanga and Josh McGee, includes “… The Center for Retirement Research at Boston College warns that one risk of POBs is that they can make a poorly funded system seem well funded, which may prompt 'unions and other interest groups [to] call for benefit increases, despite the fact that the underfunding still exists.' This is precisely what happened in New Jersey … We’ve now reached the point where neglecting to construct an adequate and lasting fix pushes the pension system on a path toward failure, a catastrophic scenario for New Jersey’s public employees and taxpayers.”