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, 2006-2021

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

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Number of Actives per Annuitant, 2006-2021

Fiscal Year Jersey City Municipal Employees US State and Local Pensions
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 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Jersey City Municipal Employees, 2006-2021

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 9.8 12.8
2007 8.3 8.0 10.6 16.3
2008 14.7 0.9 11.0 15.6
2009 15.5 1.8 11.0 17.3
2010 16.4 6.3 11.6 22.8
2011 22.4 0.0 13.3 22.4
2012 26.6 0.7 14.0 27.2
2013 null null 15.1 null
2014 24.2 0.0 15.6 24.2
2015 24.2 0.0 16.1 24.2
2016 26.5 0.0 16.1 26.5
2017 25.5 0.0 16.4 25.5
2018 24.3 0.0 18.8 24.3
2019 27.9 0.0 17.9 27.9
2020 32.8 0.0 19.6 32.8
2021 32.5 0.0 20.4 32.5

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Actuarial Funded Ratio for Jersey City Municipal Employees, 2006-2021

Fiscal Year Jersey City Municipal Employees National Data
2006 52.4 85.3
2007 53.7 86.3
2008 51.8 84.4
2009 46.4 78.4
2010 42.8 75.7
2011 40.9 74.3
2012 42.0 72.3
2013 45.1 71.9
2014 55.4 73.2
2015 55.2 73.2
2016 51.5 71.6
2017 51.4 72.1
2018 56.2 72.4
2019 53.0 72.5
2020 51.2 72.7
2021 53.6 74.9

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Asset Allocation for Jersey City Municipal Employees, 2021

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

Copy this code into your HTML Editor, Blog Post or CMS.

Asset Allocation for State and Local Pensions, 2021

Category Percent
Equities 47.1
Fixed Income 21.6
Private Equity 11.3
Real Estate 8.1
Cash 2.1
Other 0.5
Commodities 1.8
Hedge Fund 5.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.


Asset allocation for Jersey City Municipal Employees, 2006-2021

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
2020 null null null null null null null null null
2021 null null null null null null null null null

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Annual Return as of December 31 for Jersey City Municipal Employees, 2006-2021

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 null
2012 -0.30 8.25
2013 10.40 null
2014 3.70 8.25
2015 -1.40 null
2016 4.40 8.25
2017 14.20 null
2018 -5.50 8.25
2019 17.40 null
2020 13.80 8.25
2021 12.60 8.25

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Jersey City Municipal Employees
2006-2021

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

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

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
2006-2021

Fiscal Year Jersey City Municipal Employees National Average
2006 -3.7 -2.2
2007 -3.6 -2.3
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 -2.9
2021 -0.4 -2.5

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

2021 Financial Reports

Benefits

Website for Jersey City Municipal Employees benefit descriptions.