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 | 29,045.4 | 432,428 | 51.8 | 82.0 | New Jersey Division of Pension and Benefits |
| New Jersey Police & Fire | 27,412.1 | 89,070 | 66.9 | 89.7 | New Jersey Division of Pension and Benefits |
| New Jersey Teachers | 21,529.2 | 264,699 | 39.8 | 69.1 | New Jersey Division of Pension and Benefits |
| Jersey City Municipal Employees | 147.2 | 1,193 | 51.2 | 100.0 | Jersey City Municipal Employees Pension Fund |
Source: Public Plans Database (as of 2020)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
| Fiscal Year | NJ | US |
|---|---|---|
| 2001 | 1.6 | 2.9 |
| 2002 | 1.2 | 3.0 |
| 2003 | 1.3 | 3.4 |
| 2004 | 3.4 | 4.2 |
| 2005 | 2.9 | 3.8 |
| 2006 | 3.1 | 3.7 |
| 2007 | 4.6 | 3.9 |
| 2008 | 5.2 | 4.2 |
| 2009 | 5.0 | 4.4 |
| 2010 | 6.5 | 4.6 |
| 2011 | 7.9 | 4.9 |
| 2012 | 7.8 | 5.0 |
| 2013 | 7.6 | 5.2 |
| 2014 | 6.9 | 5.6 |
| 2015 | 7.2 | 5.8 |
| 2016 | 7.7 | 6.1 |
| 2017 | 7.8 | 6.0 |
| 2018 | 8.1 | 6.4 |
| 2019 | 8.1 | 6.2 |
| 2020 | 8.4 | 6.6 |
| 2021 | 8.8 | 6.8 |