TRENTON — New Jersey’s pension fund for retired teachers and government workers has gained 8.7 percent so far this fiscal year, according to a report presented to the State Investment Council today. The value was $70.03 billion as of November, down less than 1 percent from $71 billion as of October. The fiscal year began July 1. New Jersey’s...
New Jersey;s pension fund for retired teachers and government workers has gained 8.7 percent so far this fiscal yeaTRENTON — New Jersey’s pension fund for retired teachers and government workers has gained 8.7 percent so far this fiscal year, according to a report presented to the State Investment Council today.
The value was $70.03 billion as of November, down less than 1 percent from $71 billion as of October. The fiscal year began July 1.
New Jersey’s investment division put another $40 million in Centerbridge Credit Partners, according to a memo to the council. The division invested $100 milllion in the hedge fund in November 2007.
Previous coverage:
• Star-Ledger editorial: What happens when a pension fund goes broke?
• N.J. Democratic leaders propose overhauling troubled pension system
• N.J. Senate President Sweeney says state must pay into pension system for reform to happen
• Sweeney vows to block Gov. Christie's pension reform bills until N.J. relieves overburdened fund
• N.J. files response to lawsuit challenging public worker pension, benefit changes
• N.J. police, firefighter unions sue to stop pension reform laws
• N.J. lawmakers trying to reach deal on pension reform bill banning part-time workers from system