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 29,848.0 432,479 52.2 New Jersey Division of Pension and Benefits
New Jersey Police & Fire 27,792.4 88,122 67.4 New Jersey Division of Pension and Benefits
New Jersey Teachers 22,696.7 262,886 40.3 New Jersey Division of Pension and Benefits
Jersey City Municipal Employees 129.8 53.5 100.0 Jersey City Municipal Employees Pension Fund

Source: Public Plans Database (as of 2019)

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 5.2 6.4

Source: Public Plans Database and Census of Governments.

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