N.J. public worker pension fund could be heading toward ‘best year’ in 2 decades

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NJ.com

New Jersey’s pension fund for state and local government employees earned a preliminary return of 22.6% in the first 10 months of the fiscal year, state Treasurer Elizabeth Muoio announced Monday. The pension fund ended April with $90 billion assets, Muoio told the Assembly Budget Committee. That’s up from $85.8 billion at the end of February. The preliminary return puts the pension fund far ahead of its 7.3% long-term assumed rate of return this year. It was also represent the pension fund’s “best year” since 1998, according to the Treasury Department. The public pension is among the worst-fu…

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