Our state’s pension time bomb is still ticking, Save Jerseyans.
A new report from the Pew Charitable Trusts confirms New Jersey has the country’s worst unfunded pension liability.
New Jersey’s unfunded pension liability currently equates to 20.2% of the Garden State’s combined personal income.
Illinois (19.4%), Hawaii (18%), Alaska (16.3%), and New Mexico (15.7%) all come in below New Jersey.
The problem is accelerating. New Jersey’s unfunded liability jumped by 13.7% between 2007 to 2019.