Labor & Economic News Blog
Tuesday, July 25, 2006
New Jersey Pension fund reforms affect public employees
Pension fund reforms affect public employeesSource: Bergen Record
NEW JERSEY has just changed the way it invests the $72 billion state employee pension fund. The bad news is that it will cost at least $220 million a year in fees. The good news is that the move is designed to boost the fund's lackluster performance. It's long overdue.
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