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, 2006-2022

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
2020 0.15
2021 0.17
2022 0.15

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Jersey City Municipal Employees US State and Local Pensions
2001 1.8 2.4
2002 null 2.3
2003 null 2.2
2004 null 2.1
2005 null 2.1
2006 2.0 2.0
2007 2.2 2.0
2008 2.3 1.9
2009 2.4 1.9
2010 2.5 1.8
2011 2.2 1.7
2012 2.0 1.6
2013 2.0 1.5
2014 2.0 1.4
2015 2.1 1.4
2016 2.2 1.4
2017 2.2 1.4
2018 2.2 1.3
2019 2.0 1.3
2020 1.8 1.3
2021 1.8 1.2
2022 1.7 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, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 1.5 0.0 5.3 1.5
2002 null 0.0 5.2 null
2003 null 0.0 6.0 null
2004 null 0.0 7.8 null
2005 null 0.0 9.6 null
2006 8.7 4.1 9.9 12.8
2007 null null 10.6 null
2008 14.7 0.9 11.0 15.6
2009 null null 11.0 null
2010 16.4 6.3 11.6 22.8
2011 null null 13.4 null
2012 26.6 0.7 14.1 27.2
2013 null null 15.1 null
2014 24.2 0.0 15.7 24.2
2015 25.2 0.0 15.7 25.2
2016 26.5 0.0 15.6 26.5
2017 27.1 0.0 15.5 27.1
2018 24.3 0.0 16.2 24.3
2019 27.7 0.0 16.4 27.7
2020 32.8 0.0 16.8 32.8
2021 31.2 0.0 17.4 31.2
2022 31.6 0.0 18.1 31.6

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, 2001-2021

Fiscal Year Jersey City Municipal Employees National Data
2001 84.3 101.7
2002 null 94.6
2003 null 88.8
2004 null 87.0
2005 null 85.4
2006 52.4 85.2
2007 null 86.3
2008 51.8 84.4
2009 null 78.4
2010 42.8 75.7
2011 null 74.3
2012 42.0 72.3
2013 55.4 71.8
2014 null 73.2
2015 51.5 73.2
2016 null 71.6
2017 56.3 72.0
2018 null 72.4
2019 51.2 72.5
2020 null 72.6
2021 56.6 75.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Jersey City Municipal Employees, 2022

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, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Jersey City Municipal Employees, 2001-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
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
2020 null null null null null null null null null
2021 null null null null null null null null null
2022 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, 2006-2022

Fiscal Year Jersey City Municipal Employees Assumed return
2006 6.96 8.25
2007 16.04 null
2008 -8.04 8.25
2009 -17.04 null
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
2020 13.80 8.25
2021 12.60 8.25
2022 -11.80 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
2006-2022

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
2020 -0.6 147.2
2021 -0.7 165.0
2022 -0.4 145.2

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Jersey City Municipal Employees
2006-2022

Fiscal Year Jersey City Municipal Employees National Average
2006 -3.7 -2.2
2007 -3.6 -2.2
2008 -0.6 -2.9
2009 0.1 -3.2
2010 -0.3 -3.2
2011 0.7 -3.4
2012 -0.6 -3.3
2013 0.0 -3.1
2014 -1.6 -2.9
2015 -1.0 -3.1
2016 -0.3 -3.2
2017 -0.3 -2.9
2018 -1.0 -3.1
2019 -0.8 -3.1
2020 -0.4 -2.8
2021 -0.4 -2.5
2022 -0.3 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Jersey City Municipal Employees benefit descriptions.