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NJ pensions seen returning 16% for fiscal 2014

The gains include an unanticipated $6.1 billion, according to the state Treasury Department.

By Elise Young | Updated on July 23, 2014
New Jersey Gov. Chris Christie speaks during fundraiser for Iowa Gov. Terry Branstad, Thursday, July 17, 2014, in Davenport, Iowa.(AP Photo/Charlie Neibergall)

(Bloomberg) — New Jersey’s pension fund return is expected to exceed 16 percent for fiscal 2014 on gains that include an unanticipated $6.1 billion, according to the state Treasury Department.

Data as of June 30, which exclude some investments reported on a delayed basis, showed returns of 15.9 percent, treasury officials said in a statement. The fund’s total value was $80.6 billion, up from $66.9 billion four years earlier. The state investment division will report the performance to its oversight council at a meeting tomorrow.

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