New Jersey Not Making Its Share of Pension Contribution

New Jersey Not Making Its Share of Pension Contribution
"The pension reform passed last year helped lower the state's unfunded pension liability from $53.9 bil.lion to $36.3 bil.lion, but the state's pension hole grew by $5.5 bil.lion by the end of the 2011 budget year, largely because the state failed to make a pension payment, an annual actuarial report on the pension funds shows, according to the Newark Star-Ledger." (PLANSPONSOR.COM)