New Jersey’s public pension deficit swelled 13% to $47.2 billion in fiscal 2012 as the state continued to make partial contributions to its retirement plans.
The system had about 64.5% of assets needed to cover promises to current and future retirees as of July 1, 2012, compared with 67.5% a year earlier, when the gap stood at $41.7 billion, according to data posted on the state Treasury Department’s website.
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