State Data » New Jersey » Jersey City Municipal Employees Pension Fund » Jersey City Municipal Employees

Jersey City Municipal Employees Basics

  • Established 1965
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Jersey City Municipal Employees, 2006-2019

Fiscal Year Net Assets (billions)
2006 0.07
2007 0.08
2008 0.07
2009 0.06
2010 0.07
2011 0.08
2012 0.08
2013 0.09
2014 0.10
2015 0.10
2016 0.10
2017 0.12
2018 0.11
2019 0.13

Source: Public Plans Database

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Number of Actives per Annuitant, 2006-2019

Fiscal Year Jersey City Municipal Employees US State and Local Pensions
2006 2.0 2.1
2007 2.2 2.1
2008 2.3 2.1
2009 2.4 2.0
2010 2.5 1.9
2011 2.2 1.8
2012 2.0 1.7
2013 2.0 1.6
2014 2.0 1.5
2015 2.1 1.5
2016 2.2 1.4
2017 2.2 1.3
2018 2.2 1.3
2019 2.0 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Jersey City Municipal Employees, 2006-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2006 8.7 4.1 9.1 12.8
2007 8.3 8.0 9.8 16.3
2008 14.7 0.9 10.1 15.6
2009 15.5 1.8 10.0 17.3
2010 16.4 6.3 10.2 22.8
2011 22.4 0.0 12.2 22.4
2012 26.6 0.7 12.5 27.2
2013 null null 13.5 null
2014 24.2 0.0 14.0 24.2
2015 24.2 0.0 14.4 24.2
2016 26.5 0.0 14.3 26.5
2017 25.5 0.0 14.6 25.5
2018 24.3 0.0 17.5 24.3
2019 32.6 0.0 16.0 32.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Jersey City Municipal Employees, 2006-2019

Fiscal Year Jersey City Municipal Employees National Data
2006 52.4 91.3
2007 52.1 91.9
2008 51.8 91.1
2009 47.1 84.0
2010 42.8 82.4
2011 42.3 81.4
2012 42.0 79.9
2013 48.6 79.7
2014 55.4 80.1
2015 53.4 79.2
2016 51.5 77.4
2017 54.0 77.4
2018 56.2 77.5
2019 53.5 77.0

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

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Investments

Asset Allocation for Jersey City Municipal Employees, 2019

Category Percent
Equities null
Fixed Income null
Private Equity null
Real Estate null
Cash null
Other null
Commodities null
Hedge Fund null
Misc. Alternatives null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 23.3
Private Equity 9.2
Real Estate 8.8
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Jersey City Municipal Employees, 2006-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 null null null null null null null null null
2018 null null null null null null null null null
2019 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of December 31 for Jersey City Municipal Employees, 2006-2019

Fiscal Year Jersey City Municipal Employees Assumed return
2006 6.96 8.25
2007 16.04 8.25
2008 -8.04 8.25
2009 -17.04 8.25
2010 13.61 8.25
2011 20.67 8.25
2012 -0.30 8.25
2013 10.40 8.25
2014 3.70 8.25
2015 -1.40 8.25
2016 4.40 8.25
2017 14.20 8.25
2018 -5.50 8.25
2019 17.40 8.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Jersey City Municipal Employees
2006-2019

Fiscal Year Cash Flow Assets
2006 -2.7 71.2
2007 -2.9 79.5
2008 -0.5 72.6
2009 0.1 60.3
2010 -0.2 68.3
2011 0.6 83.1
2012 -0.5 82.3
2013 0.0 91.1
2014 -1.7 102.3
2015 -1.0 99.9
2016 -0.3 104.2
2017 -0.4 118.9
2018 -1.1 111.4
2019 -1.1 129.8

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Jersey City Municipal Employees
2006-2019

Fiscal Year Jersey City Municipal Employees National Average
2006 -3.7 -1.9
2007 -3.6 -2.0
2008 -0.6 -3.0
2009 0.1 -2.6
2010 -0.3 -2.4
2011 0.7 -2.7
2012 -0.6 -2.6
2013 0.0 -2.3
2014 -1.6 -2.3
2015 -1.0 -2.7
2016 -0.3 -2.2
2017 -0.3 -2.7
2018 -1.0 -3.0
2019 -0.8 -2.8

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for Jersey City Municipal Employees benefit descriptions.