U.S. Pension Tracker

Joe Nation, Ph.D.

Project Director
Stanford Institute for
Economic Policy Research

The Bottom 25% (Lowest quartile) indicates relatively lower unfunded liabilities. The Top 25% (Highest quartile) indicates relatively higher unfunded liabilities. Metrics reflect the Fiscal Year selected. Agencies reported as NA or agencies for which we do not have geographic locations are excluded from calculations. See Glossary for additional information.

Data reflect Fiscal Year (FY) 2015, the most recent available.

New Jersey, All State and Local Systems

PDF Excel Excel
Plan : From year: to
Detailed Table

Assets, Liabilities and Unfunded Liabilities

Variable 2013 2014 2015
Market Liability (thousands) $252,045,237 $270,692,877 $289,590,591
Value of Assets (thousands) $78,436,044 $84,085,352 $86,932,881
Market Pension Debt (thousands) $173,609,193 $186,607,525 $202,657,710
Market Discount Rate 3.25% 3.00% 2.75%
Actuarial Liability (thousands) $136,031,383 $141,220,501 $146,025,886
Actuarial Pension Debt (thousands) $57,595,339 $57,135,149 $59,093,005
Assumed Rate of Return 7.90% 7.90% 7.90%
  • Variable

    Market Liability (thousands)

    • 2015

      $289,590,591

    • 2014

      $270,692,877

    • 2013

      $252,045,237

    • 2012

      $272,314,441

    • 2011

      $223,240,052

    • 2010

      $221,500,698

    • 2009

      $226,847,469

    • 2008

      $204,609,358


  • Variable

    Value of Assets (thousands)

    • 2015

      $86,932,881

    • 2014

      $84,085,352

    • 2013

      $78,436,044

    • 2012

      $74,436,222

    • 2011

      $76,924,126

    • 2010

      $69,694,370

    • 2009

      $66,349,757

    • 2008

      $82,147,354


  • Variable

    Market Pension Debt (thousands)

    • 2015

      $202,657,710

    • 2014

      $186,607,525

    • 2013

      $173,609,193

    • 2012

      $197,878,219

    • 2011

      $146,315,926

    • 2010

      $151,806,328

    • 2009

      $160,497,712

    • 2008

      $122,462,004


  • Variable

    Market Discount Rate

    • 2015

      2.75%

    • 2014

      3.00%

    • 2013

      3.25%

    • 2012

      2.50%

    • 2011

      4.00%

    • 2010

      3.75%

    • 2009

      4.25%

    • 2008

      4.50%


  • Variable

    Actuarial Liability (thousands)

    • 2015

      $146,025,886

    • 2014

      $141,220,501

    • 2013

      $136,031,383

    • 2012

      $131,852,308

    • 2011

      $127,423,109

    • 2010

      $122,241,284

    • 2009

      $133,908,504

    • 2008

      $124,900,130


  • Variable

    Actuarial Pension Debt (thousands)

    • 2015

      $59,093,005

    • 2014

      $57,135,149

    • 2013

      $57,595,339

    • 2012

      $57,416,086

    • 2011

      $50,498,983

    • 2010

      $52,546,914

    • 2009

      $67,558,747

    • 2008

      $42,752,776


  • Variable

    Assumed Rate of Return

    • 2015

      7.90%

    • 2014

      7.90%

    • 2013

      7.90%

    • 2012

      7.95%

    • 2011

      8.25%

    • 2010

      8.25%

    • 2009

      8.25%

    • 2008

      8.25%


*Recommended not to combine dollar and other categories.

Funded Ratios

Variable 2013 2014 2015
Market Funded Ratio 31.1% 31.1% 30.0%
Actuarial Funded Ratio 57.7% 59.5% 59.5%
  • Variable

    Market Funded Ratio

    • 2015

      30.0%

    • 2014

      31.1%

    • 2013

      31.1%

    • 2012

      27.3%

    • 2011

      34.5%

    • 2010

      31.5%

    • 2009

      29.3%

    • 2008

      40.2%


  • Variable

    Actuarial Funded Ratio

    • 2015

      59.5%

    • 2014

      59.5%

    • 2013

      57.7%

    • 2012

      56.5%

    • 2011

      60.4%

    • 2010

      57.0%

    • 2009

      49.6%

    • 2008

      65.8%


*Recommended not to combine dollar and other categories.

State Demographics

Variable 2013 2014 2015
Population 8,938,844 8,958,013 8,958,013
Households 3,176,139 3,194,844 3,201,695
  • Variable

    Population

    • 2015

      8,958,013

    • 2014

      8,958,013

    • 2013

      8,938,844

    • 2012

      8,876,000

    • 2011

      8,842,614

    • 2010

      8,803,580

    • 2009

      8,755,602

    • 2008

      8,711,090


  • Variable

    Households

    • 2015

      3,201,695

    • 2014

      3,194,844

    • 2013

      3,176,139

    • 2012

      3,198,799

    • 2011

      3,167,629

    • 2010

      3,172,421

    • 2009

      3,154,926

    • 2008

      3,154,012


*Recommended not to combine dollar and other categories.

Budget & Revenue

Variable 2013 2014 2015
State General Fund Expenditures (thousands) $31,195,000 $31,103,000 $32,174,000
State Total Expenditures (thousands) $50,804,000 $53,103,000 $55,827,000
State Total General Fund Revenues (thousands) $31,432,000 $31,423,000 $33,128,000
  • Variable

    State General Fund Expenditures (thousands)

    • 2015

      $32,174,000

    • 2014

      $31,103,000

    • 2013

      $31,195,000

    • 2012

      $30,379,000

    • 2011

      $27,932,000

    • 2010

      $28,285,000

    • 2009

      $30,825,000

    • 2008

      $33,112,000


  • Variable

    State Total Expenditures (thousands)

    • 2015

      $55,827,000

    • 2014

      $53,103,000

    • 2013

      $50,804,000

    • 2012

      $48,646,000

    • 2011

      $47,142,000

    • 2010

      $48,520,000

    • 2009

      $47,287,000

    • 2008

      $48,704,000


  • Variable

    State Total General Fund Revenues (thousands)

    • 2015

      $33,128,000

    • 2014

      $31,423,000

    • 2013

      $31,432,000

    • 2012

      $29,619,000

    • 2011

      $28,913,000

    • 2010

      $28,144,000

    • 2009

      $29,060,000

    • 2008

      $32,738,000


*Recommended not to combine dollar and other categories.

Unfunded Liability Metrics

Variable 2013 2014 2015
Market Pension Debt/Household $54,660 $58,409 $63,297
Market Pension Debt/Capita $19,422 $20,831 $22,623
Market Pension Debt/State General Fund Expenditures 5.57 6.00 6.30  
Market Pension Debt/State Total Expenditures 3.42 3.51 3.63
Market Pension Debt/State Total General Fund Revenues 5.52 5.94 6.12
Actuarial Pension Debt/Household $18,134 $17,884 $18,457
Actuarial Pension Debt/Capita $6,443 $6,378 $6,597
Actuarial Pension Debt/State General Fund Expenditures 1.85 1.84 1.84
Actuarial Pension Debt/State Total Expenditures 1.13 1.08 1.06
Actuarial Pension Debt/State Total General Fund Revenues 1.83 1.82 1.78
  • Variable

    Market Pension Debt/Household

    • 2015

      $63,297

    • 2014

      $58,409

    • 2013

      $54,660

    • 2012

      $61,860

    • 2011

      $46,191

    • 2010

      $47,852

    • 2009

      $50,872

    • 2008

      $38,827


  • Variable

    Market Pension Debt/Capita

    • 2015

      $22,623

    • 2014

      $20,831

    • 2013

      $19,422

    • 2012

      $22,294

    • 2011

      $16,547

    • 2010

      $17,244

    • 2009

      $18,331

    • 2008

      $14,058


  • Variable

    Market Pension Debt/State General Fund Expenditures

    • 2015

      6.30

    • 2014

      6.00

    • 2013

      5.57

    • 2012

      6.51

    • 2011

      5.24

    • 2010

      5.37

    • 2009

      5.21

    • 2008

      3.70


  • Variable

    Market Pension Debt/State Total Expenditures

    • 2015

      3.63

    • 2014

      3.51

    • 2013

      3.42

    • 2012

      4.07

    • 2011

      3.10

    • 2010

      3.13

    • 2009

      3.39

    • 2008

      2.51


  • Variable

    Market Pension Debt/State Total General Fund Revenues

    • 2015

      6.12

    • 2014

      5.94

    • 2013

      5.52

    • 2012

      6.68

    • 2011

      5.06

    • 2010

      5.39

    • 2009

      5.52

    • 2008

      3.74


  • Variable

    Actuarial Pension Debt/Household

    • 2015

      $18,457

    • 2014

      $17,884

    • 2013

      $18,134

    • 2012

      $17,949

    • 2011

      $15,942

    • 2010

      $16,564

    • 2009

      $21,414

    • 2008

      $13,555


  • Variable

    Actuarial Pension Debt/Capita

    • 2015

      $6,597

    • 2014

      $6,378

    • 2013

      $6,443

    • 2012

      $6,469

    • 2011

      $5,711

    • 2010

      $5,969

    • 2009

      $7,716

    • 2008

      $4,908


  • Variable

    Actuarial Pension Debt/State General Fund Expenditures

    • 2015

      1.84

    • 2014

      1.84

    • 2013

      1.85

    • 2012

      1.89

    • 2011

      1.81

    • 2010

      1.86

    • 2009

      2.19

    • 2008

      1.29


  • Variable

    Actuarial Pension Debt/State Total Expenditures

    • 2015

      1.06

    • 2014

      1.08

    • 2013

      1.13

    • 2012

      1.18

    • 2011

      1.07

    • 2010

      1.08

    • 2009

      1.43

    • 2008

      0.88


  • Variable

    Actuarial Pension Debt/State Total General Fund Revenues

    • 2015

      1.78

    • 2014

      1.82

    • 2013

      1.83

    • 2012

      1.94

    • 2011

      1.75

    • 2010

      1.87

    • 2009

      2.32

    • 2008

      1.31


*Recommended not to combine dollar and other categories.

Pension Tracker

Stanford Institute for Economic Policy Research
366 Galvez Street
Stanford, CA  94305-6050
admin@pensiontracker.org