New Jersey

Summary for year 2015
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$279,890,933$279,552,144$338,789
Value of Assets (thousands)$82,523,426$82,423,537$99,889
Market Pension Debt (thousands)$197,367,507$197,128,607$238,900
Market Funded Ratio29.5%29.5%29.5%
Market Discount Rate3.00%3.00%3.00%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$146,026,890$145,850,135$176,755
Actuarial Pension Debt (thousands)$63,503,465$63,426,598$76,867
Actuarial Funded Ratio56.5%56.5%56.5%
Assumed Rate of Return7.90%7.90%7.90%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$61,645$61,570$75
Market Pension Debt/Capita$22,033$22,006$27
Market Pension Debt/State General Fund Expenditures6.136.130.01
Market Pension Debt/State Total Expenditures3.543.530.00
Market Pension Debt/State Total General Fund Revenues5.965.950.01
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$19,834$19,810$24
Actuarial Pension Debt/Capita$7,089$7,080$9
Actuarial Pension Debt/State General Fund Expenditures1.971.970.00
Actuarial Pension Debt/State Total Expenditures1.141.140.00
Actuarial Pension Debt/State Total General Fund Revenues1.921.910.00