Unfunded Liability
N/A
actuarial shortfall
FY2023 data · Public Plans Database
New Jersey Division of Pension and Benefits
New Jersey Division of Pension and Benefits's complete funding picture: assets, unfunded liability, member counts, and investment returns over a 23-year span, as reported to the Public Plans Database (Boston College CRR) and cross-referenced with actuarial valuations.
By PlainPension · · New Jersey · General State Plan · Data through FY2023
- Funded ratio
- 85.9%
- Health grade
- BReported funded ratio above the portfolio average range
- Market assets
- N/A
- Members
- 801,204
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, New Jersey Division of Pension and Benefits is one of 197 public pension plans tracked nationwide. The plan card reports FY2023 valuation figures; the multi-year table includes FY2024 where PPD published it; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.
Total Members
801,204
active + retired + vested
1-Year Return
6.4%
net investment return
-3.0pp vs 5-yr avg
5-Year Avg Return
9.4%
annualized, net of fees
How New Jersey Division of Pension and Benefits Funded Ratio Compares
Plan Funded Ratio 85.9%
National avg
A ratio of 85.9% compared against the national public-pension average of 75.5%.
Healthy Threshold
Plans above 80% are generally considered adequately funded by NASRA standards.
Participant Composition
The active-to-retiree ratio is a leading indicator of long-term plan sustainability, plans with more retirees than active contributors face mounting cash-flow pressure as benefit payments outpace incoming contributions.
Historical Funded Ratio
| Year | Funded Ratio |
|---|---|
| 2024 | 87.2% |
| 2023 | 85.9% |
| 2022 | 85.2% |
| 2021 | 85.2% |
| 2020 | 84.0% |
| 2019 | 84.4% |
| 2018 | 84.0% |
| 2017 | 84.0% |
| 2016 | 84.8% |
| 2015 | 83.9% |
| 2014 | 82.8% |
| 2013 | 80.1% |
| 2012 | 81.5% |
| 2011 | 85.5% |
| 2010 | 77.7% |
| 2009 | 79.9% |
| 2008 | 83.4% |
| 2007 | 83.5% |
| 2006 | 82.6% |
| 2005 | 82.7% |
What the Data Says About New Jersey Division of Pension and Benefits
New Jersey Division of Pension and Benefits reports a funded ratio of 85.9% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds N/A in market assets against an unfunded liability of N/A. As a General State plan operating under New Jersey sponsorship, it covers 801,204 members (444,576 active contributors, 355,585 retirees drawing benefits).
New Jersey Division of Pension and Benefits ranks among the better-funded plans in the database, 10 points above the 75.5% national average across tracked plans. A 5-year average investment return of 9.4% factors into the plan's overall trajectory.
For New Jersey taxpayers and plan members, the N/A unfunded gap is the actuarial shortfall this plan must close over time.
Where this data comes from + how funding gaps get resolved
These figures come from the Public Plans Database, a collaboration between the Boston College Center for Retirement Research and NASRA that compiles them from each plan's Comprehensive Annual Financial Reports (CAFRs) and actuarial valuations. The relationship between contribution adequacy and investment performance determines whether an unfunded liability narrows or expands year over year, and the gap itself is typically closed through some combination of higher contributions, investment returns, or benefit modifications. See our methodology for how public-pension funding differs from ERISA-backed private plans, and our disclaimer below before acting on this data.
Membership
444,576
Active Members
355,585
Retirees
801,204
Total Members
Plan Details
- Plan Type
- General State
- State
- New Jersey
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to New Jersey Division of Pension and Benefits's 85.9% funded ratio.
Frequently Asked Questions
Is New Jersey Division of Pension and Benefits fully funded?
New Jersey Division of Pension and Benefits has a funded ratio of 85.9% as of FY2023, earning a health grade of B. At 100%, reported actuarial assets equal reported accrued liabilities. Plans use different assumptions and valuation methods, so ratios should be read alongside the underlying actuarial valuation.
What happens if New Jersey Division of Pension and Benefits runs out of money?
This profile is not a legal or retirement-benefit assessment. For a decision affecting New Jersey Division of Pension and Benefits, consult the plan administrator, governing documents, and a qualified professional.
What does a funded ratio of 85.9% mean?
A funded ratio of 85.9% means that New Jersey Division of Pension and Benefits currently has assets equal to 85.9% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at N/A. This is considered adequately funded.
How does New Jersey Division of Pension and Benefits compare to other public pensions?
New Jersey Division of Pension and Benefits is a General State plan in New Jersey serving 801,204 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. New Jersey Division of Pension and Benefits's funded ratio of 85.9% places it above the national average, reflecting strong fiscal management.
How many members does New Jersey Division of Pension and Benefits have?
New Jersey Division of Pension and Benefits covers 801,204 total members, including 444,576 active employees and 355,585 retirees currently receiving benefits. The ratio of active members to retirees is a key indicator of plan sustainability, when the number of retirees grows relative to active contributors, funding pressure increases.
Related
Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by PlainPension
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Public Plans Database (PPD). Consult a qualified professional before making decisions based on this data.
Read our methodology - how this data is sourced, computed, and verified.
Data sources used on this page
- Public Plans Database (PPD) - funded ratios, assets, liabilities, and member counts for US state and local public pension plans, maintained by the Boston College Center for Retirement Research with MissionSquare Research Institute and NASRA. publicplansdata.org
- NASRA - National Association of State Retirement Administrators public-pension actuarial and policy references. nasra.org
Every figure on PlainPension is rendered directly from the Public Plans Database (Boston College Center for Retirement Research), no number is typed in by an editor. This page aggregates this plan's funded ratio, unfunded liability, and multi-year financial history, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.