New Jersey

Summary for year 2015
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$258,892,456$258,579,085$313,371
Value of Assets (thousands)$82,523,426$82,423,537$99,889
Market Pension Debt (thousands)$176,369,030$176,155,548$213,482
Market Funded Ratio31.9%31.9%31.9%
Market Discount Rate3.25%3.25%3.25%
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$55,086$55,019$67
Market Pension Debt/Capita$19,688$19,665$24
Market Pension Debt/State General Fund Expenditures5.485.480.01
Market Pension Debt/State Total Expenditures3.163.160.00
Market Pension Debt/State Total General Fund Revenues5.325.320.01
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