NJ Actuarial Reports – The Believable Numbers 6/30/21

The June 30, 2021 actuarial reports for the New Jersey Retirement System are now all out and there are a few numbers therein that can be taken seriously (none involving liabilities or even the market value of assets considering all those self-valued alternative investments). The main purpose of these official actuarial reports is to determine the ‘required’ contributions which practically all parties have a vested interest in understating so we get a bunch of fanciful numbers where possible. However, these numbers you can’t pretty up:

When you put these believable numbers in historical perspective going back to 6/30/11 a definite pattern emerges with outflow steadily rising and inflow varying with political whims.

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