
Pensions
New Jersey Governor Proposes $4.6 Billion Pension Payment
The record contribution falls short of what’s needed for the nation’s worst-funded retirement system.
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
Economic impact of virus could lower state pension valuation.
Moving the $26 billion retirement plan eases their concern that it may end up bailing out weaker plans.