New strategy for NJ’s pension-fund investing | NJ Spotlight News

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 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 …

njspotlightnews.org

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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 …

njspotlightnews.org

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

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Apr 27, 2022  · Department of the Treasury. For Immediate Release: April 27, 2022. Media Contact: Jennifer Sciortino. (609) 633-6565. New Jersey’s $95 Billion Pension Fund Unveils …

nj.gov

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Public-worker Pension Fund 2023 Review | NJ Spotlight News

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Oct 26, 2023  · Moreover, the pension fund last year also benefited from $3.72 billion in state Lottery sales, a banner year. That’s because a portion of Lottery revenues is dedicated by law …

njspotlightnews.org

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Fiscal ’23 Was A Good Year For NJ’s Public-worker Pension Funds

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Oct 26, 2023  · Total pension fund value also dropped below $85 billion as of the end of that fiscal year, according to the report. But as market conditions improved during the 2023 fiscal year, …

gfoanj.org

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NJ Public-worker Fund Diversifies Investment Firms - NJ Spotlight …

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Jul 31, 2023  · Public pension-fund investment returns back in the black. So far, it has resulted in the advancement of two new pension-fund investments, with as much as $500 million …

njspotlightnews.org

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Breakaway New Jersey Pension Plots Private-Markets Investments

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Sep 12, 2023  · The Police and Firemen’s Retirement System of New Jersey, the state’s newest independently managed public pension system, plans to invest around $1.47 billion in private …

wsj.com

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What’s The Big Picture For NJ State Pension Fund ... - NJ Spotlight …

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Oct 1, 2021  · Those high returns, fueled by Wall Street’s long-running hot streak, helped push the fund’s value above $94 billion, the highest valuation recorded in the last two decades, …

njspotlightnews.org

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Big Gains For NJ Public-worker Pension Investments - NJ Spotlight …

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Jan 28, 2021  · Preliminary figures reviewed by members of the State Investment Council during a meeting Wednesday indicated overall investment returns totaled nearly 15% for the first half of …

njspotlightnews.org

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Blockbuster Results For NJ Pension Fund | NJ Spotlight News

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Nov 24, 2021  · According to state bond documents made public earlier this year, the pension system was only about 50% funded as of June 30, 2020, and hefty pension contributions of …

njspotlightnews.org

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NJ Faces Increasing Pressure To End Investments In Fossil Fuels

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Jul 30, 2024  · Dziobek’s group has estimated the pension fund has more than $2 billion invested in the fossil fuel industry. The Department of Treasury declined to confirm that estimate last …

njspotlightnews.org

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Investment Boom Bumps Up NJ Pension Plan | NJ Spotlight News

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Sep 30, 2021  · The $94.4 billion pension fund covers retirement for some 800,000 current and retired government workers. It is financed with contributions from workers, along with taxpayer …

njspotlightnews.org

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Op-Ed: Fossil Fuel Investing, NJ State Pension Trap - NJ Spotlight …

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Jan 27, 2021  · The New Jersey pension fund (total pension fund: $74 billion) includes investments in 27 coal firms and 65 oil and gas firms. The initial investment of $1.6 billion is valued at $1 …

njspotlightnews.org

FAQs about New strategy for NJ’s pension-fund investing | NJ Spotlight News Coupon?

Will New Jersey's public-worker pension fund invest $250 million?

New Jersey’s public-worker pension fund is setting aside $250 million to purchase stakes in smaller and newly established investment funds, including those run by diverse fund managers. New Jersey's public-worker pension fund is launching a new investment initiative. ...

Did New Jersey's public-worker pension fund close out last fiscal year?

New Jersey’s public-worker pension fund closed out the last fiscal year with healthy investment gains and a big increase in overall market value, according to new estimates released Wednesday. ...

Does New Jersey have a pension fund?

Earlier this year, pension fund assets that cover the retirements of police officer and firefighters in New Jersey were formally separated from those managed by the Division of Investment under a law Murphy enacted in 2018. ...

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. ...

Is New Jersey's public-worker pension fund underfunded?

New Jersey’s public-worker pension fund supports the retirements of roughly 800,000 current and retired members. For years it has been one of the nation’s worst-funded state retirement plans, due to chronic underfunding by governors and lawmakers from both major political parties. ...

How much does New Jersey spend on Pensions?

In New Jersey, the state’s nearly $7 billion in annual spending on pension benefits equals roughly 14% of the current annual budget. New long-term projections included in the documents prepared for the pending state bond issue also indicate total state pension contributions will need to remain at or above current levels until 2050. ...

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