NJ pension rides investment boom - Government Finance Officers ...

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 …

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NJ Pension Rides Investment Boom - Government Finance Officers ...

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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 …

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NJ’s Pension Funds On Track For Record High - Government Finance ...

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May 27, 2021 · A well-fed pension fund. The $90.56 billion pension fund covers retirement for some 800,000 current and retired government workers. It is financed with contributions from …

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

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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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NJ Division Of Investment - The Official Web Site For The State Of …

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The net asset value of Pension Fund assets directly managed by the Division was approximately $76 billion as of April 30, 2024. The Division also manages the State of New Jersey Cash …

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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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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, …

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FAQs about NJ pension rides investment boom - Government Finance Officers ... 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. ...

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. ...

Does New Jersey have a pension fund?

New Jersey has a pension fund covering the retirement funds for an estimated 800,000 current and retired workers. The Division of Investment, working under the supervision of the State Investment Council, is one of the nation’s largest pension-fund managers. Khan joined the Division of Investment as deputy director in January 2021. ...

Is New Jersey's pension fund immune to turbulence?

New Jersey’s pension fund is not completely resilient to market fluctuations; annual returns dropped below 1% during the first nine months of the current fiscal year, after hitting almost 30% during the previous fiscal year. ...

Is NJ's public pension fund healthier?

NJ’s public pension fund is healthier. What’s next? | NJ Spotlight News For the first time in over a decade, public-worker pension plans across the country are projected to be more than 80% funded, thanks largely to increased employer contributions and a booming stock market. ...

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. ...