Christie floats lottery revenue to shore up pensions
Mar 1, 2017 · Since Christie outsourced the lottery's sales and marketing to a private firm in 2013, the state has struggled to meet its 30 percent legal requirement. The $987 million that went to state programs in the 2016 fiscal year represented 30 percent of the record $3.3 billion in …
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Christie Floats Lottery Revenue To Shore Up Pensions
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Mar 1, 2017 · Since Christie outsourced the lottery's sales and marketing to a private firm in 2013, the state has struggled to meet its 30 percent legal requirement. The $987 million that went to state programs in the 2016 fiscal year represented 30 percent of the record $3.3 billion in …
usatoday.com
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Christie Plan To Invest Lottery Revenue In Pension System
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Mar 16, 2017 · Christie is proposing making a $2.5 billion contribution to the pension funds in the next fiscal year. That’s about half the current recommendation. If the lottery became an asset …
politico.com
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Unprecedented Lottery Plan Quietly Embraced By Lawmakers In …
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Jun 27, 2017 · The 2018 budget that Democrats passed in committee Monday night anticipates $1.014 billion shifting from the lottery to the pension fund — an increase of $44 million in …
northjersey.com
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NJ Lawmakers Taking Closer Look At Approving Lottery-to-pensions …
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Jun 18, 2017 · Less than two weeks remain before the date Gov. Chris Christie hopes the Legislature approves a complicated transaction involving the pension funds and lottery. ... $37 …
nj1015.com
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Why Gov. Chris Christie’s Big Plan To Shore Up N.J. Pensions Is All Wet
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Jul 14, 2017 · Christie said the lottery deal, part of the state budget passed on July 4, will "provide an immediate reduction in the state's long-term retiree obligations by $13.5 billion" and has …
washingtonpost.com
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NJ Public-worker Pension Fund’s Notable Record - NJ Spotlight News
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Jul 8, 2021 · Another estimated $1.1 billion in revenue from the New Jersey Lottery is also expected to flow into the $90 billion pension fund throughout the remainder of the 2022 fiscal …
njspotlightnews.org
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Shifting New Jersey Lottery To Pensions Is A Gamble
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May 31, 2017 · Gov. Christie argues that his plan would reduce the unfunded liability by $13 billion, improving the state pension system’s funded ratio from 49% to 64%. And the state …
reason.org
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NJ Pays $34M To Bank For Lottery Pension Move — CHRISTIE
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Jan 12, 2018 · LIFE’S BETTER WHEN YOU’RE CONNECTED — “Treasury paid BOA $34M to shift lottery to state employee pension fund,” by NJ Spotlight’s John Reitmeyer: “Gov. Chris …
politico.com
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