Governor Phil Murphy

This Week in New Jersey: October 1, 2021


Governor Murphy Announces Fiserv Will Build New Hub In Berkeley Heights

Governor Phil Murphy announced that Fiserv, a global leader in the financial technology sector, will be expanding its footprint in New Jersey, bringing 3,000 jobs together in one location in its new Berkeley Heights office space, including 1,927 new jobs and 1,063 existing jobs at risk of being located outside the state.

“New Jersey’s economic future rests with our ability to attract exactly the kind of high-paying jobs that Fiserv is bringing to our state,” said Governor Murphy.  “Our incentive program, which was several years in the making, was created to attract exactly this type of business to New Jersey and this announcement is proof those incentives are working. We are thrilled that Fiserv has chosen to stay and grow here and we welcome the 2,000 new employees who will call New Jersey home.”


Governor Murphy Announces Return and Earn Incentive Program

Governor Phil Murphy announced that the New Jersey Department of Labor and Workforce Development (NJDOL) will begin implementation of the Return and Earn program. This new initiative will provide a $500 incentive for unemployed workers reentering the workforce and receiving job training from businesses with 100 or fewer employees. 

“Throughout this pandemic, I have heard much about the issues facing small businesses and the dedicated, hard-working men and women who enable their success,” said Governor Murphy. “Our Administration is committed to assist businesses in hiring workers, while providing benefits to those entering and re-entering the workforce that will set them up for success in their new jobs and their future careers. This program will help both businesses and their workers, and is yet another step that we have taken to boost our economy.” 


Governor Murphy Announces Appointment of Jayné Johnson as Director of the Office of Diversity, Equity, Inclusion, and Belonging

Governor Phil Murphy signed Executive Order No. 265 to create the Office of Diversity, Equity, Inclusion, and Belonging in the Governor’s Office. Additionally, the Governor signed a legislative package to bring greater diversity to the ranks of law enforcement. 

“With today’s executive order and bill signings, we are building on our commitment to advance equity for New Jerseyans who have been left behind for far too long,” said Governor Murphy. “Jayné’s wealth of experience advocating for social justice and prior work crafting policy solutions that promote equity will serve her well in this role. I am proud to appoint her as the Director of this important new office and to sign a legislative package to ensure a stronger and fairer New Jersey that works for all.”   

During my career, I have had the honor of serving in different leadership roles to achieve equity to combat the long-standing problem of systemic racism and discrimination in our laws, economy, and institutions,” said Jayné Johnson, incoming Director of the Office of Diversity, Equity, Inclusion, and Belonging at the Governor’s office. “My new position in the Governor’s Office will allow me to continue doing critical work to build a more equitable and inclusive future and I appreciate the Governor’s confidence in me and the opportunity to serve the people of New Jersey.”   


Governor Murphy Breaks Ground on New Perth Amboy High School

Governor Phil Murphy joined Assembly Speaker Craig Coughlin, New Jersey Schools Development Authority (SDA) CEO Manuel Da Silva, Perth Amboy Public Schools Superintendent Dr. David Roman, Perth Amboy students, and state and local officials for the groundbreaking of the new Perth Amboy High School.

“We are committed to ensuring that every child in New Jersey has access to a high-quality education,” said Governor Murphy. “This school will not only relieve overcrowding in Perth Amboy Public Schools, but also provide a state-of-the-art facility that will foster learning and success for Perth Amboy students.”


ICYMI: At 28.63 Percent, New Jersey’s Pension Fund Far Surpasses any Returns in the Last Two Decades

The Treasury’s Division of Investment reported that New Jersey’s Pension Fund generated a final, unaudited return of 28.63 percent for the 12-month period ending June 30, 2021, far surpassing any annual return on record for the last 20 years, as well as the 7.3 percent statutory assumed rate of return for Fiscal Year 2021 (FY 2021).

The fund also outperformed its benchmark of 26.28 percent by 235 basis points.

“This has been a historic year for New Jersey’s pension fund, both in reaching the milestone of making the first 100 percent actuarially determined contribution in 25 years, and now, with today’s news regarding our returns for the year,” said State Treasurer Elizabeth Maher Muoio. “Taking a look at the 20 year snapshot, this year’s returns dwarfed any annual performance over the last two decades, far surpassing the next highest return, which was 17.97 percent in 2011. On behalf of the hundreds of thousands of employees and retirees who depend upon the success and strength of the Pension Fund, I’d like to thank the Division of Investment and the State Investment Council for their hard work, stewardship, and commitment, which helped lead to this highly successful outcome.”