PFRSNJ Board Passes Two DOI Resolutions For Asset Transfer

The Investment Committee met in late March to review Division of Investment (DOI) performance and assess three potential investments which were being presented to the State Investment Council. At the April Board Meeting, the Board passed two resolutions; One resolution directed the DOI to formalize the asset transfer into dedicated PFRS Accounts, and the other resolution authorizes the DOI to invest system assets in accordance with the prior approved asset allocation plan. These are both very significant resolutions as the Board is preparing to formalize the asset transfer process, which has been in the works for many months.