Pensions
New Jersey Governor Proposes $4.6 Billion Pension Payment
The record contribution falls short of what’s needed for the nation’s worst-funded retirement system.
Tag: pensions crisis
Coronavirus - COVID-19
New Jersey to Postpone Pension Payments
A September payment has been deferred to October, or the start of the next fiscal year, as the state makes deep cuts and deferrals to stanch revenue losses.
Market Moves
New Jersey Likely to Cut Pension Contributions, S&P Global Says
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.