Newark Municipal Employees Retirement System
public plan · City of Newark · Newark, NJ
ACTIVE
C
Pension Health Score
59/100
Funding Status45% Funded
0%80% threshold100%
$4.9B
Total Assets
$10.8B
Total Liabilities
$5.9B
Unfunded Liability
30,582
Participants
Funding History
What This Means for You
Newark Municipal Employees Retirement System is 45% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $5.9B in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $4.9B | $10.8B | 45.3% | $183.5M |
| 2024 | $4.9B | $10.1B | 48.0% | $196.0M |
| 2023 | $4.5B | $9.6B | 47.2% | $177.9M |
| 2022 | $4.3B | $10.6B | 40.4% | $182.5M |
| 2021 | $4.1B | $11.5B | 35.2% | $190.0M |