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, 2001-2022

Fiscal Year Net Assets (billions)
2001 30.93
2002 27.21
2003 26.55
2004 28.72
2005 29.63
2006 30.94
2007 34.53
2008 32.32
2009 25.04
2010 25.89
2011 27.49
2012 25.54
2013 26.06
2014 27.28
2015 25.60
2016 22.72
2017 23.06
2018 22.99
2019 22.70
2020 21.53
2021 26.53
2022 24.64

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year New Jersey Teachers US State and Local Pensions
2001 2.5 2.4
2002 2.5 2.3
2003 2.5 2.2
2004 2.4 2.1
2005 2.3 2.1
2006 2.2 2.0
2007 2.2 2.0
2008 2.1 1.9
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 1.4
2015 1.6 1.4
2016 1.5 1.4
2017 1.5 1.4
2018 1.5 1.3
2019 1.5 1.3
2020 1.4 1.3
2021 1.4 1.2
2022 1.4 1.2
2023 1.4 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 New Jersey Teachers, 2006-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2006 1.0 11.6 10.5 12.6
2007 7.1 7.4 11.4 14.5
2008 6.9 8.5 11.9 15.4
2009 0.9 14.5 12.1 15.5
2010 0.3 16.5 14.7 16.9
2011 0.3 20.1 16.7 20.4
2012 3.0 18.6 17.7 21.6
2013 6.0 15.7 19.0 21.8
2014 4.1 16.8 19.8 20.9
2015 5.3 17.4 20.3 22.7
2016 7.8 16.9 20.4 24.7
2017 10.8 15.4 20.5 26.2
2018 14.3 14.3 20.9 28.5
2019 18.6 11.4 21.3 30.0
2020 20.5 9.2 20.5 29.7
2021 25.9 7.0 21.5 32.9
2022 36.4 0.0 21.6 33.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for New Jersey Teachers, 2001-2023

Fiscal Year New Jersey Teachers National Data
2001 108.0 101.7
2002 100.0 94.6
2003 92.7 88.8
2004 85.6 87.0
2005 79.1 85.4
2006 76.3 85.2
2007 74.7 86.3
2008 70.8 84.4
2009 63.8 78.4
2010 67.1 75.7
2011 62.8 74.3
2012 59.3 72.3
2013 57.1 71.8
2014 54.0 73.2
2015 51.1 73.2
2016 47.0 71.6
2017 42.1 72.0
2018 43.1 72.4
2019 40.3 72.5
2020 39.7 72.6
2021 41.3 75.8
2022 42.1 76.2
2023 43.8 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for New Jersey Teachers, 2022

Category Percent
Equities 42.3
Fixed Income 14.7
Private Equity 12.6
Real Estate 6.4
Cash 9.1
Other 1.8
Commodities 2.6
Hedge Fund 10.5
Misc. Alternatives 0.0

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 New Jersey Teachers, 2006-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2006 69.4 27.1 0.3 0.1 2.8 0.0 0.0 0.4 0.0
2007 62.4 27.9 1.5 1.3 3.2 0.0 0.6 3.0 0.0
2008 51.3 32.6 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 45.3 37.7 6.8 3.1 0.0 0.0 1.6 5.5 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
2019 47.5 19.1 10.9 6.2 7.7 0.0 2.8 5.9 0.0
2020 45.6 14.9 11.7 6.3 6.7 1.9 2.2 10.7 0.0
2021 46.3 17.5 12.6 5.6 6.2 0.2 2.2 9.3 0.0
2022 42.3 14.7 12.6 6.4 9.1 1.8 2.6 10.5 0.0

Source: Public Plans Database

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Annual Return as of June 30 for New Jersey Teachers, 2001-2022

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
2019 6.27 7.30
2020 1.21 7.30
2021 28.63 7.00
2022 -7.90 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
New Jersey Teachers
2001-2022

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
2019 -1,671.3 22,696.7
2020 -1,501.5 21,529.2
2021 -909.0 26,533.1
2022 253.5 24,640.5

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
New Jersey Teachers
2001-2022

Fiscal Year New Jersey Teachers National Average
2001 -3.2 -2.0
2002 -4.5 -2.4
2003 -5.5 -2.5
2004 -5.2 -1.8
2005 -5.3 -2.2
2006 -5.4 -2.2
2007 -3.7 -2.0
2008 -4.5 -2.1
2009 -8.8 -3.1
2010 -9.4 -3.2
2011 -10.1 -3.0
2012 -10.1 -3.2
2013 -9.0 -3.1
2014 -9.9 -2.9
2015 -10.7 -2.7
2016 -11.5 -2.9
2017 -10.4 -2.8
2018 -9.1 -2.4
2019 -7.4 -2.4
2020 -7.0 -2.3
2021 -3.4 -2.0
2022 1.0 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for New Jersey Teachers benefit descriptions.