file photo Sweeney & Prieto
By Samantha Marcus | NJ Advance Media for NJ.com
on August 25, 2016 at 5:11 PM
TRENTON — New Jersey’s public pension fund is shakier than all but two U.S. states also known for their notoriously underfunded retirement systems, according to a new comparison by the Pew Charitable Trusts.
The pension fund was just 42 percent funded in 2014, based on the latest data available for 238 retirement plans in 50 states, Pew said.
Illinois and Kentucky were each only 41 percent funded. Only three states — South Dakota, Oregon and Wisconsin — were more than 100 percent funded.
