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Many happy returns for NJ pension fund | NJ Spotlight News

Credit: train photos via Creative Commons under CC BY-SA 2.0
Freight train climbing hill
After plummeting at the onset of the pandemic last year, booming investment earnings have helped push the total value of pension fund assets over $90 billion, officials said Wednesday during a public meeting of the New Jersey State Investment Council.
“The results, obviously, have been very favorable,” investment council chairman Deepak Raj said during the meeting.
The potential record-setting investment performance comes as the state has been ramping up pension contributions in recent years to climb out of a huge hole created by past underfunding. It also comes after Gov. Phil Murphy’s administration resisted calls to short state pension payments amid budget problems that were triggered at the onset of the coronavirus pandemic. ....

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N.J.'s public worker pension shortfall got even bigger last year. Here's why.

N.J.’s public worker pension shortfall got even bigger last year. Here’s why.
Updated 12:38 PM;
Today 12:38 PM
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New Jersey’s public worker pension shortfall continued to grow last year, adding nearly $3 billion in unfunded liabilities to one of the worst-funded systems in the country.
As of July 1, 2020, the seven pension funds that make up the pension system had enough assets to cover just 58% of what they owe to active and retired state and local government workers, according to new Treasury Department reports.
The new data are contained in actuarial valuation reports that act like a report card for the pension funds. It’s based on the state’s statutory accounting rules and takes into account the previous year’s investment gains or losses, changing demographics, contributions being made and checks going out. ....

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Bordentown City Election: Sciortino, Myers, Lynch Victorious

By KRISTIN ANTONELLO
May 12, 2021 at 4:14 PM
Jennifer Sciortino was Tuesday s top-vote getter in Bordentown City s election contest.
Jennifer Sciortino was Tuesday s top-vote getter in Bordentown City s election contest.
Credits: Jennifer Sciortino
Commissioner Joe Myers was re-elected to a second term on Tuesday.
Commissioner Joe Myers was re-elected to a second term on Tuesday.
Credits: Joe Myers
Mayor Jim Lynch was re-elected to the Bordentown City Commission on Tuesday. He will be entering his ninth term on the Commission.
Mayor Jim Lynch was re-elected to the Bordentown City Commission on Tuesday. He will be entering .
Credits: Jim Lynch
May 12, 2021 at 4:14 PM ....

Jim Lynch , Jennifer Sciortino , Tapinto Bordentown , Ned Foley , John Brodowski , Joe Myers , Woodrow Wilson , Terms Of Service , Burlington County Clerk Office , Communications For The New Jersey Treasury Department , Affairs For The City , Parks Committee , City Commission , Bordentown Sewerage Authority , Commissioner Joe Myers , Mayor Jim Lynch , Bordentown City Commissioner , Burlington County Clerk , Commissioner John Brodowski , Vote By Mail , Bordentown Newsletter , Privacy Policy , New Jersey Treasury Department , Bordentown City , Vice President , Public Property ,

Unofficial Bordentown City Election Results Are In

By KRISTIN ANTONELLO
May 11, 2021 at 9:28 PM
Jennifer Sciortino was the top vote-getter in Tuesday s election.
Jennifer Sciortino was the top vote-getter in Tuesday s election.
Credits: Jennifer Sciortino
Bordentown City Commissioner Joe Myers received the second-highest number of votes in Tuesday s election.
Bordentown City Commissioner Joe Myers received the second-highest number of votes in Tuesday s .
Credits: Joe Myers
Bordentown City Mayor Jim Lynch received the third highest number of votes in Tuesday s election.
Bordentown City Mayor Jim Lynch received the third highest number of votes in Tuesday s election.
Credits: Jim Lynch
May 11, 2021 at 9:28 PM
BORDENTOWN CITY, NJ Bordentown City’s unofficial election results are in for its three at-large Commissioner seats. ....

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Bordentown, Medford Lakes voters turn out for May municipal elections

Incumbent Dennis P. O Neill beat out Joseph Aromando 418 votes, or 70% of the total vote, to 170 votes, or 28% of the total vote, according to unofficial results. O Neill was appointed to the seat on the five-member council in February after the January death of borough mayor Robert D. Hanold Sr.
In New Jersey, nonpartisan elections where candidates are not identified by political party and must be clearly offset from party lines on any ballot are held in May.
Only three towns in Burlington County hold them: Bordentown City, Medford Lakes and Bass River.
George Woolston reports on government and taxpayer issues for the Burlington County Times, Courier-Post and The Daily Journal. Help support local journalism with a subscription. ....

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