How to retire on $200,000 in NJ pension fund
New Jersey is one of a handful of states that has a pension fund that allows employees to make an automatic payment to the state when they reach certain milestones, such as reaching age 65.
Nassau County employees can make a payment of up to $200 a month for the first three years, or $300 for each subsequent year.
For more information, call the Nassau County Retirement Board at (609) 921-0277 or visit the Pension Management Information Network website.
NJ pension mbor,njs pension,state pension fund source MTV New York title New Jersey’s $200M Pension Fund Is Just the Beginning of New Retirement Funds article When the New Jersey pension fund is tapped for its first pension, it’s likely to be the largest in the nation.
But it could be dwarfed by the retirement plans of other states, such that the state will have a $200 million pension fund by 2040, according to an analysis by the New York Times.
That’s in addition to the roughly $600 billion the state already has invested in pensions.
And it will only get bigger in the coming decades, with a potential annual investment of $200 billion.
The pension fund for the state is named the New New Jersey Retirement Trust, and it will be funded by an additional $400 billion from the state’s general fund, which includes the state-owned banks.
The money comes from the New Brunswick-based Investment Company of America, which was founded in the early 1900s.
The state’s first pension fund was established in 1894, and its current size is projected to be $200.7 billion by 2043.
The largest public pension fund in the U.S. is the $1.9 trillion Vanguard New Jersey Pension Fund, which is funded by a $1 billion bond issued in 1999.
It has an average annualized return of 16.4%.
The largest pension funds in the world are the World Bank-funded Pension Investment Board in Canada, and the World Economic Forum-funded U.K. Retirement Trust.
In comparison, the $200 Million New Jersey retirement fund is a relatively small contribution compared to these other public pension funds.