How would you like to receive 30.9% of your state pension (NJ funding levels)?
The news continues to worsen for America’s public pensions and for the people who depend on them. The median funding ratio—the percentage of assets states have available for future payments to retirees—declined to 71.1 percent in 2016, from 74.5 percent in 2015 and 75.6 percent in 2014.
https://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/
The news continues to worsen for America’s public pensions and for the people who depend on them. The median funding ratio—the percentage of assets states have available for future payments to retirees—declined to 71.1 percent in 2016, from 74.5 percent in 2015 and 75.6 percent in 2014.
https://www.bloomberg.com/graphics/2017-state-pension-funding-ratios/