State Data » New Jersey

Major pension plans in the state

Plan Name Assets (millions) Participants Funded Ratio Percent of ARC Paid Retirement System that Administers the Plan
New Jersey PERS 26,762.1 425,459 57.2 60.3 New Jersey Division of Pension and Benefits
New Jersey Police & Fire 23,984.7 86,461 70.3 75.2 New Jersey Division of Pension and Benefits
New Jersey Teachers 22,717.9 255,631 47.0 30.0 New Jersey Division of Pension and Benefits

Source: Public Plans Database (as of 2016)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018

Fiscal Year NJ US
2001 0.6 2.9
2002 0.7 3.0
2003 0.3 3.4
2004 1.3 4.2
2005 0.5 3.8
2006 0.2 3.7
2007 3.3 3.9
2008 3.7 4.2
2009 2.6 4.4
2010 3.1 4.6
2011 1.6 4.9
2012 3.3 5.0
2013 4.0 5.2
2014 3.3 5.6
2015 3.5 5.8
2016 4.0 6.1
2017 4.6 6.0
2018 5.5 6.8

Source: Public Plans Database and Census of Governments.