Tag: New Jersey
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
When the crisis abates, the gap between well-funded plans and the others will be even larger.
Economic impact of virus could lower state pension valuation.
Called the ‘burnout bill’ by advocates, pension beneficiaries could retire after 20 years, but get no health benefits.
Real return is the $76 billion plan’s best-performing asset class.
Phil Murphy rejects proposed legislation as too broad and challenging to implement.
Action follows American Federation of Teachers’ critical report on Trump’s immigration policy.