Link: https://burypensions.wordpress.com/2022/04/29/nj-actuarial-reports-the-believable-numbers-6-30-21/
Graphic:
Excerpt:
The June 30, 2021 actuarial reports for the New Jersey Retirement System are now all out and there are a few numbers therein that can be taken seriously (none involving liabilities or even the market value of assets considering all those self-valued alternative investments). The main purpose of these official actuarial reports is to determine the ‘required’ contributions which practically all parties have a vested interest in understating so we get a bunch of fanciful numbers where possible. However, these numbers you can’t pretty up:
Author(s): John Bury
Publication Date: 28 April 2022
Publication Site: burypensions