As Markets Struggle, So Does NJ Pension Fund

njspotlightnews.org

Volatile financial markets continue to upset the bottom line for New Jersey’s public-worker pension fund, all while Gov. Phil Murphy and lawmakers have been working to bolster state contributions.

The latest preliminary figures for the more than $90 billion pension fund indicate investment returns were running in negative territory through the end of May, echoing struggles that many private investors have been facing this year as markets have tumbled.