NJ ends salary cap for job running its $93 billion pension fund
Corey Amon left early last month, the third time in less than a decade the person charged with directing investments quit state government for a private-sector job. Treasury officials and lawmakers pointed to the importance of filling the director’s position and the need to attract top talent when asked about the … See more
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NJ Ends Salary Cap For Job Running Its $93 Billion Pension Fund
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Corey Amon left early last month, the third time in less than a decade the person charged with directing investments quit state government for a private-sector job. Treasury officials and lawmakers pointed to the importance of filling the director’s position and the need to attract top talent when asked about the … See more
njspotlightnews.org
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New Jersey Removes Salary Cap For State Pension Fund CIO
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Jul 7, 2021 · New Jersey swiftly enacted a law that removed the $200,000 salary cap imposed on the state's director of the division of investment, who serves as CIO for the New Jersey …
pionline.com
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No COLA Increase For Retired NJ Public Workers This Year
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Jul 10, 2024 · According to an NJ Spotlight News analysis of federal inflation data, a retiree would need nearly $70,000 today to maintain the same buying power as an annual pension that was …
njspotlightnews.org
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New Jersey Public Worker Pension Fund Rebounds By $4B
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Apr 27, 2023 · After rising to nearly $100 billion by the end of 2021, the fund lost about 14% on investments last year and closed out 2022 with a market value of $83.7 billion.
governing.com
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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 …
nj.com
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NJ Budget: Pension Payment Takes Up 15% Of $45B Proposed …
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Feb 23, 2021 · According to New Jersey's latest debt report as of June 2019, the state's outstanding pension liability is $93.7 billion — what it would cost if New Jersey had to fully …
northjersey.com
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Report Says NJ's Pension System In Trouble Without Reforms. What …
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Dec 14, 2021 · The combined unfunded liabilities of New Jersey's public plans increased from $58 billion in 2000 to $186 billion in 2019, according to the Garden State Initiative report.
northjersey.com
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New Jersey Fully Funds State Pension System For Fourth Straight …
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Jul 1, 2024 · The New Jersey Pension Fund, Trenton, had $98.1 billion in assets as of March 31. Murphy's initial proposal called for $55.9 billion for the fiscal year starting July 1, but legislators …
pionline.com
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Murphy Says N.J. Plans To Make Full Pension Payment For 3rd
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Nov 17, 2022 · Unlimited Digital Access - $1 a week for a whole year - Sale Ends 1/31/25 Murphy says N.J. plans to make full pension payment for 3rd year in a row for public workers Updated: …
nj.com
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N.J.’s Public Worker Pension Shortfall Got Even Bigger Last ... - Nj.com
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May 14, 2021 · With $79.9 billion in assets and $208.2 billion in liabilities, the fund’s unfunded liability reached $128.3 billion and the funded ratio was just 38.4%, according to financial …
nj.com
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