New Jersey’s Treasury Department announced Thursday that the state and its municipalities have a combined unfunded pension liability of $53.9 billion, an increase in 2010 of more than $8 billion.

The updated figures are from the state’s fiscal 2010 comprehensive annual financial report. New Jersey’s unfunded retirement liability is $37.1 billion while cities, towns and school districts have a combined unfunded liability of $16.8 billion.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.