From California to Florida, U.S. public pensions are reviewing assets invested in Pimco.

The stabilization in pension-funding gaps marks an encouraging sign for states and municipalities, potentially providing officials with more breathing room to allocate budgetary resources toward services and infrastructure as well as retiree benefits.

The number of public pensions that have put Pimco on watch or are expected to do so keeps growing.

New Jersey now has a $90 billion unfunded liability for retirement and health obligations.