Follow Us:

Daily Number

  • Article
  • Comments

37.5%

April 25, 2017

A new study of 230 public-worker retirement plans released by The Pew Charitable Trusts had some unhappy news for New Jersey. (The study reviewed financial data from 2015.) When comparing total assets to liabilities, the state’s public-employee pension system ranked last in the nation, with a funded-ratio of 37.5 percent. Kentucky, at 37.8 percent, and Illinois, at 40.2 percent, were in the bottom three.

The new rankings from Pew follow a similar analysis conducted last year by Bloomberg, which also labeled New Jersey's pension system the nation's worst-funded. 

The pension system covers the retirements of an estimated 770,000 current and retired workers in New Jersey.

Read more in Daily Number
Sponsors
Corporate Supporters
Most Popular Stories
«
»