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NJ credit outlook upgraded to positive by KBRA
Kroll Bond Rating Agency cited pension reductions, conservative budgeting and strong fiscal management under the Murphy administration in its announcement.
Former corrections officer admits role in ‘crypto pension’ fraud scheme
The 47-year-old pleaded guilty to two schemes – one targeting police, fire personnel, EMTs and other first responders – that resulted in more than $600,000 in losses.
Division of Investment appoints two deputy directors
Lisa Walker comes to the Treasury from the private sector, while William Connors was elevated from his role as head of fixed income.
Report: NJ pension can’t survive without cuts to benefits, investment shift
Despite the state's recent good fortune with its public worker fund, Garden State Initiative found in a recent dispatch that the system is still vastly underfunded and cannot hope to dig itself out of its current financial circumstances without steep cuts to future benefits and adjustments to its investments and contributions.
