Tag: New Jersey
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.
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Moving the $26 billion retirement plan eases their concern that it may end up bailing out weaker plans.