Eileen Hooper attended the Nov 4 State Pension Board Meeting. Andrew Kenny from NJDPB explained the resources that are available to members online. There are many useful videos posted on the website for NJDPB.
The Director of Investments, Dr. Shoaid Kahn, reported on the pension investments. The performance for fiscal year 2021-2021 was 28.6% return.
Sarah Favinger, from NJEA Research, answered questions from attendees. Eileen asked about the status of a resumption of the COLA. Her answer was: there are no plans for a COLA at this time.