Archive for Tag: pension funds

Federal rescue of state pensions should require state reforms, says Thomson

TRENTON, N.J. – Assemblyman Ned Thomson is calling for both state and federal action on legislation to save New Jersey’s chronically underfunded public employee pension plans, which are taking a heavy hit during the coronavirus crisis. “The federal government would be a lot more inclined to help us out...

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Governor signs DePhillips bill giving judges a say in their pension investments

TRENTON N.J. – The governor signed Assemblyman Christopher DePhillips’ bill (A5427/S3871) that adds a member of the Retired Judges Association of New Jersey to the State Investment Council, which oversees the investments of seven pension funds including those for police and firemen, prison officers, judges, teachers and public employees. While...

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