New Jersey

Summary for year 2018
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$274,782,366$274,412,246$370,120
Value of Assets (thousands)$84,578,643$84,464,719$113,924
Market Pension Debt (thousands)$190,203,723$189,947,527$256,196
Market Funded Ratio30.8%30.8%30.8%
Market Discount Rate3.25%3.25%3.25%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$162,653,628$162,434,541$219,087
Actuarial Pension Debt (thousands)$78,074,986$77,969,822$105,164
Actuarial Funded Ratio52.0%52.0%52.0%
Assumed Rate of Return7.50%7.50%7.50%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$59,192$59,112$80
Market Pension Debt/Capita$21,351$21,322$29
Market Pension Debt/State General Fund Expenditures5.425.410.01
Market Pension Debt/State Total Expenditures3.133.130.00
Market Pension Debt/State Total General Fund Revenues5.315.300.01
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$24,297$24,264$33
Actuarial Pension Debt/Capita$8,764$8,752$12
Actuarial Pension Debt/State General Fund Expenditures2.222.220.00
Actuarial Pension Debt/State Total Expenditures1.281.280.00
Actuarial Pension Debt/State Total General Fund Revenues2.182.170.00