State Pension Problems Are Billions Worse Than Advertised (via Foreclosureblues)

State Pension Problems Are Billions Worse Than Advertised Today, December 24, 2010, 7 hours ago | Mike "Mish" Shedlock The Wall Street Journal reports New Jersey Pension Gap Hits $54 Billion. New Jersey’s pension gap grew to $53.9 billion in the last fiscal year, up from $45.8 billion, thanks to market losses and a lack of state funding, according to figures released Thursday. Gov. Chris Christie’s administration said the gap, which reflected the … Read More

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