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N.J. pension fund earned 7.3 percent in 2014, but it remains in a big hole

assetContent (38)TRENTON — New Jersey’s pension fund earned 7.3 percent on its investments last year, which state officials said beat market expectations. But those gains didn’t live up to the 7.9 percent annual rate experts say is needed to keep troubled pension fund from adding to its liabilities. The investments returned 7.27 percent, but were hurt largely…

Posted: February 1st, 2015 | Author: | Filed under: New Jersey, New Jersey State Budget, News | Tags: , , | Comments Off on N.J. pension fund earned 7.3 percent in 2014, but it remains in a big hole

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