New Jersey Teachers Basics

  • Established 1955
  • Currently open to new hires
  • Plan covers teachers
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, New Jersey Teachers, 2001-2018

Fiscal Year Net Assets (billions)
2001 30.9
2002 27.2
2003 26.5
2004 28.7
2005 29.6
2006 30.9
2007 34.5
2008 32.3
2009 25.0
2010 25.9
2011 27.5
2012 25.5
2013 26.1
2014 27.3
2015 25.6
2016 22.7
2017 23.1
2018 23.0

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year New Jersey Teachers US State and Local Pensions
2001 2.5 2.4
2002 2.5 2.4
2003 2.5 2.3
2004 2.4 2.2
2005 2.3 2.1
2006 2.2 2.1
2007 2.2 2.0
2008 2.1 2.0
2009 2.0 1.9
2010 2.0 1.8
2011 1.8 1.7
2012 1.7 1.6
2013 1.6 1.5
2014 1.6 1.5
2015 1.6 1.4
2016 1.5 1.4
2017 1.5 1.4
2018 1.5 1.4

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for New Jersey Teachers, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 0.0 0.0 5.9 0.0 0.0
2002 0.0 0.0 5.5 0.0 0.0
2003 0.0 2.4 6.3 2.4 2.4
2004 0.0 8.0 7.8 8.0 8.0
2005 0.0 9.8 9.5 9.8 9.8
2006 1.0 11.6 10.5 12.6 12.6
2007 7.1 7.4 11.4 14.5 14.5
2008 6.9 8.5 11.9 15.4 15.4
2009 0.9 14.5 12.2 15.5 15.5
2010 0.3 16.5 14.7 16.9 16.9
2011 0.3 20.1 16.7 20.4 20.4
2012 3.0 18.6 17.7 21.6 21.6
2013 6.0 15.7 19.1 21.8 21.8
2014 3.8 17.1 20.2 20.9 20.9
2015 5.2 16.9 20.2 22.1 22.1
2016 7.2 16.8 20.3 24.0 24.0
2017 10.1 15.3 20.6 25.4 25.4
2018 14.0 14.0 21.0 28.0 28.0

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for New Jersey Teachers, 2001-2018

Fiscal Year New Jersey Teachers National Data
2001 108.0 105.5
2002 100.0 96.9
2003 92.7 93.1
2004 85.6 89.4
2005 79.1 85.5
2006 76.3 84.8
2007 74.7 85.3
2008 70.8 83.7
2009 63.8 78.6
2010 67.1 75.5
2011 62.8 72.8
2012 59.3 69.9
2013 57.1 68.9
2014 54.0 70.5
2015 51.1 70.7
2016 47.0 70.2
2017 42.1 71.4
2018 43.1 72.7

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.

Investments

Asset Allocation for New Jersey Teachers, 2018

Category Percent
Equities 47.9
Fixed Income 18.0
Private Equity 11.1
Real Estate 6.2
Cash 4.9
Other 2.4
Commodities 3.1
Hedge Fund 6.4
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for New Jersey Teachers, 2006-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2006 69.2 27.0 0.3 0.1 2.8 0.0 0.0 0.4 0.0
2007 62.3 27.9 1.5 1.3 3.2 0.0 0.6 3.0 0.0
2008 51.2 32.5 3.8 2.5 3.6 0.0 1.3 5.0 0.0
2009 44.8 35.0 4.7 2.5 7.6 0.0 1.0 4.3 0.0
2010 42.1 35.0 6.3 2.8 0.0 0.0 1.5 5.1 0.0
2011 45.6 29.2 7.3 3.7 5.7 1.6 1.6 5.3 0.0
2012 45.2 28.0 7.8 4.7 1.7 1.9 2.8 7.8 0.0
2013 46.9 21.3 8.1 5.1 4.6 1.7 2.5 9.8 0.0
2014 45.1 19.4 9.1 4.6 6.7 1.9 2.6 10.7 0.0
2015 45.3 18.0 9.7 4.7 5.8 1.9 2.3 12.2 0.0
2016 42.8 18.1 10.6 5.9 6.2 2.3 2.6 11.5 0.0
2017 46.3 19.0 10.3 6.0 5.3 2.5 2.7 8.0 0.0
2018 47.9 18.0 11.1 6.2 4.9 2.4 3.1 6.4 0.0

Source: Public Plans Database


Annual Return as of June 30 for New Jersey Teachers, 2001-2018

Fiscal Year New Jersey Teachers Assumed return
2001 -10.40 8.75
2002 -9.00 8.75
2003 3.30 8.75
2004 14.10 8.25
2005 8.70 8.25
2006 9.80 8.25
2007 17.10 8.25
2008 -2.66 8.25
2009 -14.27 8.25
2010 13.36 8.25
2011 18.03 7.95
2012 2.52 7.90
2013 11.78 7.90
2014 16.87 7.90
2015 4.16 7.90
2016 -0.93 7.65
2017 13.07 7.50
2018 9.06 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
New Jersey Teachers
2001-2018

Fiscal Year Cash Flow Assets
2001 -988.2 30,930.2
2002 -1,235.7 27,214.2
2003 -1,452.3 26,548.8
2004 -1,481.7 28,719.7
2005 -1,559.6 29,631.6
2006 -1,676.0 30,936.4
2007 -1,284.6 34,526.7
2008 -1,444.8 32,315.5
2009 -2,204.8 25,038.8
2010 -2,423.7 25,892.5
2011 -2,770.7 27,486.2
2012 -2,582.3 25,544.8
2013 -2,350.9 26,059.4
2014 -2,706.3 27,282.3
2015 -2,743.5 25,604.8
2016 -2,619.3 22,717.9
2017 -2,398.7 23,056.2
2018 -2,094.5 22,991.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
New Jersey Teachers
2001-2018

Fiscal Year New Jersey Teachers National Average
2001 -3.2 -2.4
2002 -4.5 -3.3
2003 -5.5 -3.6
2004 -5.2 -3.4
2005 -5.3 -3.5
2006 -5.4 -3.3
2007 -3.7 -3.1
2008 -4.5 -4.0
2009 -8.8 -4.9
2010 -9.4 -4.9
2011 -10.1 -4.2
2012 -10.1 -4.3
2013 -9.0 -4.3
2014 -9.9 -3.4
2015 -10.7 -3.2
2016 -11.5 -3.5
2017 -10.4 -3.3
2018 -9.1 -3.1

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for New Jersey Teachers benefit descriptions.