Nearly three years ago, former Gov. Fortuno established a committee charged with solving the pension fund's problems, noting that the overall system was paying $679 million more a year than what it received in contributions.

"Absent any corrective measures, the systems could be left without funds in or before 10 years," he stated in a March 2010 executive order.

That study led lawmakers to increase employee contributions to the system and they transferred $162 million into the retirement system so that officials could buy a capital bond expected to generate $1.5 billion in 40 years. But it wasn't enough to solve the problem.

Puerto Rico's public pension problems also have damaged the island's bond ratings, which remain significantly lower than any U.S. state, raising the island's cost of borrowing.

In December, Moody's lowered Puerto Rico's credit rating, stating in part that it doesn't have a clear idea as to how and when the government will solve the retirement systems' problems. It warned of an additional credit rating downgrade if no reforms are undertaken.

Complicating the territory's financial situation is its $69 billion public debt.

"Puerto Rico debt levels are well, well in excess of what we see in other states," Krop of Fitch Ratings said.

Most states have an average 3 percent of tax-supported debt as a percentage of personal income. Nine percent is considered high. Puerto Rico is at 80 percent, Krop said. The per capita debt is more than $12,000 per person, excluding pension, she added.

Given those numbers, Marti said she doesn't believe she'll have enough money to retire. She went back to work in part to collect more Social Security, but even then, she said the federal fiscal situation doesn't give her much hope.

"Things are not easy," she said. "You don't know what's going to happen with Social Security either."

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