New Jersey Police & Firemen Retirement System
public plan · State of New Jersey · Trenton, NJ
ACTIVE
D
Pension Health Score
35/100
Funding Status57% Funded
0%80% threshold100%
$30.2B
Total Assets
$52.7B
Total Liabilities
$22.5B
Unfunded Liability
91,678
Participants
Funding History
What This Means for You
New Jersey Police & Firemen Retirement System is significantly underfunded at 57%, with $22.5B in unfunded liabilities affecting 91,678 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $30.2B | $52.7B | 57.3% | $2.5B |
| 2024 | $30.2B | $51.1B | 59.0% | $2.3B |
| 2023 | $28.0B | $46.7B | 60.0% | $2.6B |
| 2022 | $26.9B | $46.5B | 57.8% | $2.6B |
| 2021 | $26.3B | $39.4B | 66.8% | $1.8B |