Dedicated to Corrections Officers, Policemen, & Firemen throughout the Garden State
As reported by nj.com, public pension funds may have gotten a much-needed boost from Governor Chris Christie’s landmark overhaul last year, but reports released show the funds continue to be hampered by the State’s failure to make full payments into the plans.
Christie and Democratic leaders joined together last year and shifted …
As reported by app.com, New Jersey officials continued to move the State’s $71.6 billion pension fund into more aggressive, and riskier, investments, as returns have missed their targets for a decade. The decisions included putting $100 million into a private equity fund run by a big fundraiser for President Barack Obama.
State Investment …
On May 12, 2009, Kate Benner published an article entitled “The Public Pension Bomb” in Fortune Magazine. The article addresses how states all across the country, for many years, have been starving their retirement plans. More importantly, however, the article focuses upon how the crisis is playing out in New Jersey, where the bill is…