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New Jersey not Making Its Share of Pension Contribution
PLANSPONSOR 
Jan. 25, 2012
The pension reform passed last year helped lower the state's unfunded pension liability from $53.9 billion to $36.3 billion, but the state's pension hole grew by $5.5 billion 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.
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