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10 lip 2024 · More than $7 billion collected from taxes and dedicated revenues from the state Lottery will be put toward funding worker retirement benefits during the fiscal year that began July 1, according to the latest budget documents.
15 maj 2024 · Even with the full payment, which must be approved by the legislature by June 30, the New Jersey Pension Fund, Trenton, would still have a funding ratio of only 52.4% for the next fiscal year,...
22 kwi 2024 · The plan would alter a 1995 law signed by then-Republican Gov. Jim Edgar that put the state on a 50-year ramp to get Illinois’ pension systems to a 90 percent funded level by 2045. Pritzker wants to extend that deadline three more years, but up the funding goal to 100 percent.
19 kwi 2024 · The plan would alter a 1995 law signed by then-Republican Gov. Jim Edgar that put the state on a 50-year ramp to get Illinois’ pension systems to a 90 percent funded level by 2045. Pritzker wants to extend that deadline three more years, but up the funding goal to 100 percent.
10 lis 2023 · The latest actuarial projections suggest it will take decades of robust taxpayer funding to bring New Jersey’s pension fund back to good health. After decades of underfunding by the state, New Jersey’s public-worker pension system became one of the nation’s worst-funded state retirement plans by the late 2010s.
12 kwi 2022 · The state’s record of underfunding its annual pension contributions helped make New Jersey’s pension system among the nation’s worst-funded public retirement plans, which prompted the calls for reform a decade ago.
23 kwi 2024 · Several bills that enhance Tier 2 state worker pension benefits, reduce retirement ages, allow for large end-of-career lump-sum payments and other pension sweeteners are moving through the...
