NJ Retirement System Modifies Investment Return Assumptions

Just when you thought it couldn't get any worse: "NJ State Treasurer Muoio announced plans to raise the investment return assumption for the state’s grossly underfunded state retirement system from 7.0 to 7.5 percent, which would likely exacerbate its funding shortfalls. Last year, the Public Employees’ Retirement System of New Jersey was just 36.8% funded and $48.9 billion in the red."

NJ Retirement System Modifies Investment Return Assumptions