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

Jersey City Municipal Employees Pension Fund 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 Pension Fund, 2006-2018

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

Source: Public Plans Database

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Number of Actives per Annuitant, 2006-2018

Fiscal Year Jersey City Municipal Employees Pension Fund US State and Local Pensions
2006 null 2.1
2007 null 2.1
2008 null 2.1
2009 null 2.0
2010 null 1.9
2011 null 1.8
2012 null 1.7
2013 null 1.6
2014 null 1.5
2015 null 1.5
2016 null 1.4
2017 null 1.3
2018 null 1.3

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 Pension Fund, 2006-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2006 8.1 3.9 9.3 11.9
2007 7.8 7.5 10.0 15.3
2008 14.4 0.9 10.4 15.3
2009 15.2 1.7 10.2 16.9
2010 17.3 6.7 10.5 24.0
2011 23.7 0.0 12.5 23.7
2012 0.0 0.0 12.9 0.0
2013 0.0 0.0 13.9 0.0
2014 0.0 0.0 14.5 0.0
2015 23.3 0.0 14.9 23.3
2016 24.9 0.0 14.8 24.9
2017 24.2 0.0 15.1 24.2
2018 24.5 0.0 18.1 24.5

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 Pension Fund, 2006-2018

Fiscal Year Jersey City Municipal Employees Pension Fund National Data
2006 52.1 90.5
2007 51.8 91.2
2008 47.1 90.2
2009 42.8 83.2
2010 42.3 81.5
2011 42.0 80.4
2012 48.6 78.9
2013 55.4 78.7
2014 53.4 79.0
2015 51.5 78.2
2016 54.0 76.3
2017 56.2 76.4
2018 53.5 76.5

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 Pension Fund, 2018

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, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.7
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Jersey City Municipal Employees Pension Fund, 2006-2018

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

Source: Public Plans Database

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Annual Return as of December 31 for Jersey City Municipal Employees Pension Fund, 2006-2018

Fiscal Year Jersey City Municipal Employees Pension Fund 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

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 Pension Fund
2006-2018

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

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Jersey City Municipal Employees Pension Fund
2006-2018

Fiscal Year Jersey City Municipal Employees Pension Fund 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

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports