New Jersey and North Carolina Retirement Systems Modify Investment Return Assumptions in Opposite Directions

New Jersey State Treasurer Elizabeth Maher Muoio recently announced plans to raise the investment return assumption for the state’s grossly underfunded state retirement system from 7.0 to 7.5 percent, which would likely only exacerbate its funding shortfalls. This is quite a contrast from the relatively well-funded North Carolina retirement system,

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