New Jersey Pension Fund Posts 14.82% FY2026 Return as $7.3 Billion State Payment Bolsters System
Updated
Updated · wrnjradio.com · Oct 29
New Jersey Pension Fund Posts 14.82% FY2026 Return as $7.3 Billion State Payment Bolsters System
3 articles · Updated · wrnjradio.com · Oct 29
Summary
A 14.82% unaudited return for the year ended June 30 beat New Jersey’s 7% assumed rate by 7.82 percentage points, extending the pension fund’s run of double-digit gains to three fiscal years.
All asset classes posted positive results, with publicly traded stocks driving performance; emerging-market equities returned 39.53%, while U.S. equities gained 23.20% and developed international stocks 21.61%.
Real assets returned 23.76%, outperforming their 13.33% benchmark by 10.43 percentage points, as Treasury officials credited the fund’s strategy and investment staff.
The three-year annualized return reached 12.16%, and officials said those gains, alongside a record $7.3 billion FY2027 pension contribution, are helping stabilize retirement funding for public employees.
Kroll recently upgraded New Jersey’s credit rating, citing the state’s pension-funding commitment, though Treasury noted investment returns vary year to year and the FY2026 figures remain subject to audit.