New Jersey

Summary for year 2019
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Liability (thousands)$294,271,076$293,929,911$341,166
Value of Assets (thousands)$85,884,507$85,784,936$99,571
Market Pension Debt (thousands)$208,386,569$208,144,975$241,595
Market Funded Ratio29.2%29.2%29.2%
Market Discount Rate3.25%3.25%3.25%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Liability (thousands)$174,189,108$173,987,160$201,948
Actuarial Pension Debt (thousands)$88,304,601$88,202,224$102,377
Actuarial Funded Ratio49.3%49.3%49.3%
Assumed Rate of Return7.50%7.50%7.50%
VariableAll State and Local SystemsAll State SystemsLocal Systems
Market Pension Debt/Household$64,479$64,404$75
Market Pension Debt/Capita$23,461$23,434$27
Market Pension Debt/State General Fund Expenditures5.585.570.01
Market Pension Debt/State Total Expenditures3.223.210.00
Market Pension Debt/State Total General Fund Revenues5.445.430.01
VariableAll State and Local SystemsAll State SystemsLocal Systems
Actuarial Pension Debt/Household$27,323$27,291$32
Actuarial Pension Debt/Capita$9,942$9,930$12
Actuarial Pension Debt/State General Fund Expenditures2.362.360.00
Actuarial Pension Debt/State Total Expenditures1.361.360.00
Actuarial Pension Debt/State Total General Fund Revenues2.302.300.00