NJ To Make “Full” Pension Payment

Excerpt:

That $6.4 billion is what the actuaries hired by New Jersey for the specific purpose of providing absurdly low contribution amounts came out with for the 7/1/21 to 6/30/22 plan year. It includes a massive amortization portion to make up for decades of absurdly low contribution amounts (some of which were not even deposited). 

Author(s): John Bury

Publication Date: 22 February 2021

Publication Site: Burypensions