The New Jersey Police and Firemen’s Retirement System (PFRS) was supposed to get their assets to invest three years ago but the process seems only to be starting now with an RFQ for Class Counsel that the PFRS board sent out yesterday.
Here is how much is involved.
From the latest Division of Investment report there is about $89 billion to split up.
From the latest actuarial reports for the system PFRS is allocated about one-third of the market value of assets:
Author(s): John Bury
Publication Date: 15 June 2021
Publication Site: Burypensions