NJ pension system is the worst-funded in the nation, report says

Things are looking much worse for New Jersey's government worker pension system.

According to a report by Bloomberg, New Jersey now has the worst-funded public worker pension system in the United States.

In 2015, New Jersey's pension system had $135.7 billion in unfunded liabilities, an increase of nearly $23 billion from 2014, according to the report.

Kentucky, Illinois, Connecticut and Pennsylvania round out the rest of the top five states with the worst-funded government pension systems in the country, according to the report.

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