Public Plans Database

New Jersey Public Pension Plans

2 plans · bottom-third unfunded liability (#49 of 50)

Lighter unfunded book. New Jersey ranks #49 of 50 by combined unfunded liability ($67M), bottom-third liability book among states.

Avg funded ratio
78.3%
Total unfunded
$67M
Total members
802,370
Plans tracked
2

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, New Jersey’s 2 tracked plans carry a combined unfunded liability of $67M at an average funded ratio of 78.3%. Plan cards report FY2023 valuations; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

PPD actuarial excerpt

State roster NJ New Jersey

New Jersey: avg 78.3% funded (2.8 points above the national average) · 0 D/F grades · unfunded $67M

  • AVG 78.3%
  • UNF $67M
  • MEM 802,370
  • N 2
  • DF 0
  • VS +2.8pt
  • BEST 85.9%
  • LOW 70.7%

Funded-ratio peers

Nearest funded-ratio peer: Idaho (78.2%)

New Jersey (this)78.3%Idaho78.2%New Hampshire78.1%Kansas78.6%West Virginia78.7%
Average funded ratio neighbourhood vs New Jersey (FY2023 plan cards)

0 of 2 published-ratio plans sit under 60% actuarial assets; 0 of 2 carry a D or F health grade. How this roster is sourced →

New Jersey grade mix with a lighter unfunded book

Health grades against a $67M combined unfunded book (#49 of 50) use the same FY2023 plan-card snapshot as the hero KPIs and the table below.

Plans by health grade

Count of 2 tracked New Jersey plans in each funded-ratio grade band

Health-grade counts from the same state plan rows as the roster table

Source: Public Plans Database (Boston College CRR / NASRA) As of FY2023 plan cards; history through FY2024

1. Grade B12. Grade C1
0%100%US avg76%78.3%
Average actuarial funded ratio across 2 New Jersey plans (FY2023 plan cards)

Plan types in New Jersey

Aggregates from the same FY2023 plan-card rows as the roster below. Averages include only plans that report a funded ratio.

Type Plans Avg funded
General State 1 85.9%
Municipal 1 70.7%

Every tracked plan in New Jersey

FY2023 plan-card snapshot from the Public Plans Database. ARC is the actuarially required contribution as a share of payroll where reported.

Plan Funded Grade
New Jersey Division of Pension and Benefits 85.9% B
Jersey City Municipal Employees Pension Fund 70.7% C

Read our methodology - how this data is sourced, computed, and verified.

Compare inside New Jersey’s lighter-liability roster

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 · New Jersey roster FY2023