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 |