Investment boom bumps up NJ pension plan | NJ Spotlight News

“It’s nice to see that the fund was well-positioned to benefit from a constructive market environment,” he said. The strong investment performance comes as the state has in recent years ramped up its employer pension contributions, part of a broader effort to climb out of a huge hole created when the state … See more

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NJ Public-worker Pension Fund Returns Nearly 11% | NJ Spotlight …

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Oct 31, 2024 · Over the last five fiscal years, investment returns have totaled 7.7%, according to the Division of Investment data. As a result, the market value of the share of pension fund …

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Official Site Of The State Of New Jersey - The Official Web Site For ...

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Oct 31, 2024 · Department of the Treasury. New Jersey’s Pension Fund Reports 10.74% Returns for FY2024. (TRENTON) - New Jersey’s Pension Fund generated a final, unaudited return of …

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N.J. Public Worker Pension Fund Has Raked In Huge Gains So Far

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Jul 26, 2023 · Derek Hall | NJ Advance Media for NJ.com. New Jersey’s public worker pension fund added another $1 billion in market value in April and May as fund managers continued to …

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N.J. Public Worker Pension Fund Posts Surprisingly Strong ... - Nj.com

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Oct 25, 2023 · New Jersey’s public worker pension fund gained more than $5 billion in market value in the fiscal year that ended June 30, lifting its total value to about $91.4 billion as it …

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New Jersey Public Worker Pension Fund Rebounds By $4B

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Apr 27, 2023 · New Jersey Public Worker Pension Fund Rebounds by $4B. The last two state budgets included full payments to the pension fund of roughly $7 billion each year, the first …

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Billions Lost In NJ Pension Fund Amid Volatile Economy

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Jul 29, 2022 · NEW JERSEY — The state's public worker pension fund took a hit, losing more than $3 billion on investments in April and May. The fund's total market value dropped to $91.5 …

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Big Public Worker Pension Boost And $3.7B To Tackle State Debt

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Jun 21, 2021 · State Senate Democrats said Monday they’ve reached a deal with Gov. Phil Murphy ’s administration to contribute $6.9 billion to New Jersey’s public pension fund next …

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Report: NJ Pension Can’t Survive Without Cuts To Benefits, …

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Dec 14, 2021 · As of late November, the total pension assets and contributions nearly topped $100 billion – according to the state Division of Investment – marking its highest total in nearly …

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New Strategy For NJ’s Pension-fund Investing | NJ Spotlight News

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Apr 28, 2022 · New investments would further social equity goals. New Jersey’s public-worker pension fund is launching a new investment initiative and will set aside $250 million to …

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New Jersey’s Pension Plan Costs Too Much | Opinion - Nj.com

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Oct 11, 2020 · Between July 2019 and March 2020, returns fell 13%. New Jersey’s public retirement system is in such bad shape, it joins Kentucky and Illinois in having the worst …

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FAQs about Investment boom bumps up NJ pension plan | NJ Spotlight News Coupon?

Is New Jersey's pension fund performing poorly?

New Jersey's pension fund has performed better than expected, with returns that easily beat the pension fund’s annual assumed rate of return of 7.3%. This provided a significant boost for a pension fund that covers the retirements of approximately 800,000 current and retired government workers in New Jersey. ...

Why did New Jersey's public worker pension fund add $1 billion in value?

New Jersey’s public worker pension fund added another $1 billion in market value in April and May as fund managers continued to slowly claw back losses that hit it hard amid turbulent financial markets over the past two years. ...

What happened to New Jersey's public-worker pension fund's investment returns?

The investment returns for New Jersey’s public-worker pension fund were below 4% in the first half of the 2022 fiscal year*.* The pension fund's investment returns came back to earth following last year’s record highs. ...

What is the New Jersey pension fund?

The $90.56 billion New Jersey pension fund covers retirement for some 800,000 current and retired government workers. It is financed with contributions from workers, along with taxpayer-funded payments made by their respective state and local government employers, and from revenue that flows in monthly from the New Jersey Lottery. ...

Is NJ's public-worker pension fund back on Earth?

After record returns for NJ’s public-worker pension fund last year, investment returns have come back to normal. ...

Did double-digit investment returns boost New Jersey's pension fund?

Double-digit investment returns boosted the pension fund covering the retirements of many public workers in New Jersey during the last fiscal year, according to new data released by the state Division of Investment. ...