Christie plan to invest lottery revenue in pension system
Mar 16, 2017 · The governor said the state should contribute the revenue from its Lottery Enterprise to “eligible” pension funds, which “would have the immediate effect of reducing the unfunded liability ...
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Shifting New Jersey Lottery To Pensions Is A Gamble
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May 31, 2017 · On its face, this would be a boon to the New Jersey pension system. Gov. Christie argues that his plan would reduce the unfunded liability by $13 billion, improving the state …
reason.org
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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 …
usatoday.com
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Can The New Jersey Lottery Save The Pension Fund? - WHYY
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Apr 3, 2017 · Christie’s detailed spending plan for fiscal year 2018 estimates even more revenue will come into the budget from the lottery, projecting a full $1 billion. Pension fund needs …
whyy.org
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Treasury Assessing Lottery Revenues To Get Clearer Picture Of …
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Jul 23, 2020 · Meanwhile, the $74 billion pension system itself continues to struggle after the pandemic triggered an economic downturn that helped send pension-fund investment returns …
njspotlightnews.org
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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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