Strong Gains In New Jersey
Posted on 10/28/2023
Another US$ 5 billion came to New Jersey’s public worker pension fund, to raise the fund to over US$ 91 billion. The fund earned 9.1% in investments. However, the fund is down US$ 7 billion from its all time highs set in 2021. To see those levels again, the fund would have to rise above US$ 100 billion. Given the effects of inflation, the value of the fund in 2021 was significantly higher than it is today.
