New Jersey Lawmaker Pushes For Stricter Pay-To-Play Rules For Pension Investments

SEC rules prevent pension funds from investing with firms that have made political contributions to politicians with any control over the pension fund’s investment decisions. But a New Jersey Senator wants the state to go even further. Reported by NorthJersey.com: The law that restricts the state pension fund from investing in firms whose investment ...

Union Files Ethics Complaint Over New Jersey Pension Investments

New Jersey’s largest union, New Jersey AFL-CIO, has filed an ethics complaint with the state regarding the entity that oversees the state’s pension investments – the State Investment Council – and the man that chairs the Council – Robert Grady. The union alleges that politics have played a large role in the state’s pension investments, ...
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