New Jersey Teachers Pension & Annuity Fund (TPAF)
public plan · State of New Jersey · Trenton, NJ
Funding History
What This Means for You
New Jersey Teachers Pension & Annuity Fund (TPAF) is 48% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $30.8B 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 |
|---|---|---|---|---|
| 2023 | $28.5B | $59.3B | 48.1% | $3.8B |
| 2022 | $27.6B | $58.8B | 47.0% | $3.7B |
| 2021 | $26.8B | $54.7B | 49.0% | $3.6B |
| 2020 | $25.9B | $61.8B | 42.0% | $3.5B |
| 2019 | $25.1B | $57.0B | 44.0% | $3.3B |
Frequently Asked Questions
New Jersey Teachers Pension & Annuity Fund (TPAF) is 48% funded, meaning it has 48 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
New Jersey Teachers Pension & Annuity Fund (TPAF) has 268,000 total participants, including 130,000 active employees and 138,000 retirees currently receiving benefits.
New Jersey Teachers Pension & Annuity Fund (TPAF) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.