N.J. public worker pension fund suffers through another rough …

Jul 27, 2022 · That amounted to a loss of more than 6% this year through the end May after a decline of nearly $3 billion on investments in the first quarter. New Jersey’s public worker pension fund, which ...

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N.J. Public Worker Pension Fund Suffers Through Another Rough …

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N.J. Public Worker Pension Fund Lost Nearly $10B During Rough

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Oct 26, 2022 · New Jersey’s public worker pension fund lost about $9.7 billion in market value in the fiscal year that ended June 30, bringing the fund’s total value down to $86 billion, its lowest …

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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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N.J. Public Worker Pension Fund Loses Billions On Investments

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Apr 27, 2022 · New Jersey’s public worker pension fund lost nearly $3 billion in the first quarter of 2022 as mounting economic headwinds and Russia’s invasion of Ukraine roiled global …

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NJ Pension Fund Is Crossing The Tipping Point - Bergen Record

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Dec 15, 2021 · The three main New Jersey public employee retirement plans assumed 8.75% annual returns for coming years. However, in the 19 years since then, New Jersey’s pensions …

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NJ.com - New Jersey's Public Worker Pension Fund Has Lost.

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Jul 27, 2022 · New Jersey's public worker pension fund has lost more than $6 billion in market value so far this year.

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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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N.J. Public Worker Pension Fund Missed Goals In 2nd Half Of 2021

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Jan 26, 2022 · New Jersey’s pension fund added about $2.3 billion in the first half of the fiscal year, closing out 2021 with a market value of roughly $98 billion, according to a Division of …

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N.J.’s Public Worker Pension Shortfall Got Even Bigger Last ... - Nj.com

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May 14, 2021 · The pension system had enough assets to cover just 58% of its obligations to public employees. New Jersey’s public worker pension shortfall continued to grow last year, …

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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 …

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Record-High Gains For NJ Public Worker Pension Fund - NJBIA

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Sep 30, 2021 · New Jersey’s public worker pension fund generated a record 28.6% return for the fiscal year that ended June 30, far surpassing the 7.3% assumed rate of return for FY 2021. …

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NJ Public-worker Pension Fund’s Notable Record - NJ Spotlight News

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Jul 8, 2021 · Buoyed by a recent windfall of tax revenue, Gov. Phil Murphy’s administration announced last week that it has already contributed $5.8 billion to New Jersey’s public-worker …

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FAQs about N.J. public worker pension fund suffers through another rough … Coupon?

How much did New Jersey's public worker pension fund lose in fiscal year?

The New Jersey public worker pension fund lost approximately $9.7 billion in market value in the fiscal year that ended on June 30, bringing the fund's total value down to $86 billion, its lowest level since February 2021. ...

Why is New Jersey's public pension fund so bad?

New Jersey’s public pension fund, which covers the retirements of an estimated 800,000 current and retired government workers, is one of the nation’s worst funded. That’s due, in part, to governors and lawmakers who for years shorted annual pension contributions or, in some years, made no payments at all. ...

Does New Jersey have a public worker pension fund?

Yes, New Jersey has a public worker pension fund that supports the retirement of more than 800,000 active and retired state and local government workers. It remains among the worst funded systems in the nation. ...

Is New Jersey's public worker pension fund on track for a negative return?

New Jersey’s public worker pension fund, which supports the retirement of about 800,000 active and retired state and local government workers, is now on track to post a negative return for the fiscal year that ended June 30, according to Division of Investment Director Shoaib Khan. Results for the month of June are still being finalized. ...

How much has Murphy contributed to New Jersey's public-worker pension fund?

Buoyed by a recent windfall of tax revenue, Gov. Phil Murphy’s administration announced last week that it has already contributed $5.8 billion to New Jersey’s public-worker pension fund for the new fiscal year that began on July 1. ...

Why did New Jersey's public worker pension shortfall get bigger last year?

New Jersey's public worker pension shortfall grew bigger last year. The pension system had enough assets to cover just 58% of its obligations to public employees. Nearly $3 billion in unfunded liabilities were added to one of the worst-funded systems in the country. ...