New Jersey Teachers Pension & Annuity Fund
public plan · State of New Jersey · Newark, NJ
ACTIVE
F
Pension Health Score
26/100
Funding Status44% Funded
0%80% threshold100%
$26.1B
Total Assets
$59.8B
Total Liabilities
$33.7B
Unfunded Liability
272,132
Participants
Funding History
What This Means for You
New Jersey Teachers Pension & Annuity Fund is significantly underfunded at 44%, with $33.7B in unfunded liabilities affecting 272,132 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. 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 | $26.1B | $59.8B | 43.6% | $1.4B |
| 2024 | $24.9B | $67.7B | 36.7% | $1.7B |
| 2023 | $25.0B | $60.0B | 41.6% | $1.6B |
| 2022 | $23.6B | $53.0B | 44.5% | $1.4B |
| 2021 | $21.6B | $42.6B | 50.6% | $1.6B |