Tag: New Jersey
Portfolio returns 14.81% in first half of fiscal 2021 as asset value rises to $84.6 billion.
The investment portfolio for the state’s pension fund fell short of its benchmark by more than 2 percentage points.
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.