NJ’s Recent Pension Strategy Gets Good Marks

But it will take years to make up for long history of poor funding, report says

njspotlightnews.org

From ramping up state payments to requiring regular risk assessments, New Jersey has enacted a number of key policy changes in recent years to improve the health of one of the nation’s worst-funded state retirement plans.

A new report that looks closely at the condition of the nation’s state-run pension systems recognizes some of New Jersey’s progress, even as figures included in the analysis also suggest the state still has a way to go to make up for a long history of poor pension funding.