NJ pension fund is crossing the tipping point - Bergen Record

Dec 15, 2021 · As a result, New Jersey’s problem has grown faster than other states: nationally, unfunded state and local government pension liabilities remained roughly stable at about $1 billion from 1975 ...

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NJ Pension Fund Is Crossing The Tipping Point - Bergen Record

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northjersey.com

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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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New Jersey Pension Fund Notches 10.7% Net Return, Just Shy Of …

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Oct 30, 2024 · The New Jersey Pension Fund’s largest asset allocations for the fiscal year ended June 30 were U.S. equity (29%), international equity-developed markets (11.6%), cash …

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How NJ’s Public Pension Fund Has Been Going So Well ... - NJ …

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Nov 26, 2021 · Increased state contributions and healthy investment returns have helped push the estimated value of New Jersey’s public-worker pension fund up to nearly $100 billion, …

njspotlightnews.org

FAQs about NJ pension fund is crossing the tipping point - Bergen Record Coupon?

Who bears the investment risk with New Jersey public pensions?

In New Jersey public pensions, the government bears nearly all the investment risk. When investment returns fall short of assumed levels, the government must increase contributions, while employee contributions remain unchanged. ...

How large is New Jersey's pension problem?

New Jersey's pension problem has grown significantly faster than other states. From 1975 through 1999, nationally, unfunded state and local government pension liabilities remained roughly stable at about $1 billion. However, they accelerated rapidly in the following two decades, reaching $4.0 trillion in 2020. This is New Jersey's current pension problem. ...

Is New Jersey's pension fund in trouble?

The Brookings Institution said in a March analysis that the pension fund for teachers is in near-term trouble because of low investment returns and a poor funding ratio of 42%. Earlier this year the Tax Foundation ranked New Jersey 50th, using 2019 data, for having the largest deficit between its assets and liabilities. ...

Will New Jersey's political leaders be able to stabilize pension funds?

Without making policy changes for tens of thousands of public employees, New Jersey's political leaders will likely face difficult choices on how to use taxpayer dollars to stabilize the pension funds, the group said. "For decades New Jersey's pension plans for public employees have promised generous benefits without paying for them. ...

Is New Jersey aiming for record $7.2 billion pension fund contribution?

New Jersey aiming for record $7.2 billion pension fund contribution. It's still not enough. ...

How well are New Jersey pensions performing?

New Jersey's public employee retirement plans assumed annual returns of 8.75% for coming years. However, they received annualized returns of just 5.40% in the 19 years since then. This reduces the funded ratio for a public plan by about 20 percentage points for every 1% drop in the investment return/discount rate. ...