(Bloomberg) — New Jersey's pension fund return is expected to exceed 16 percent for fiscal 2014 on gains that include an unanticipated $6.1 billion, according to the state Treasury Department.
Data as of June 30, which exclude some investments reported on a delayed basis, showed returns of 15.9 percent, treasury officials said in a statement. The fund's total value was $80.6 billion, up from $66.9 billion four years earlier. The state investment division will report the performance to its oversight council at a meeting tomorrow.
Governor Chris Christie, seeking voter support for changes to the New Jersey Public Employees'Retirement System atop those he made in 2010, said the state's compensation is "out of whack."
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