NJ beleaguered pension system could get a boost under this new pitch
By Samantha Marcus, NJ Advance Media for NJ.com
PHILADELPHIA — Just a few miles from the Democratic National Convention, party leaders — including Senate President Stephen Sweeney and one of the campaign’s early presidential candidates — put the big New Jersey problem of public employee pensions center stage.
And Sweeney offered a new path, saying New Jersey’s beleaguered pension system should consider investing in infrastructure projects for more reliable returns.
With a weak bond market, Sweeney said it’s time the state revisit its investment strategy, purchasing stakes in infrastructure to boost improvements and generate returns for the pension fund, which is bowing under the weight of its unfunded liabilities.