By Samantha Marcus | NJ Advance Media for NJ.com
on March 31, 2016 at 5:40 PM, updated March 31, 2016 at 5:41 PM
TRENTON — New Jersey’s public pension shortfall, already one of the worst in the country, got even bigger in 2015, according to new actuarial reports.
Unfunded liabilities in the state retirement system for government workers grew to $43.8 billion, as of July 2015. The state system had $85.2 billion in liabilities but just $41.4 billion in assets, 48.6 percent of the money needed to pay for promised benefits.
The unfunded liability reported at the end of July 2014 was $40 billion, but Department of Treasury officials said that figure has since been revised. The up-to-date data was not immediately available.