Pension Plans in New Jersey, Ranked by Health Score
New Jersey has 5 pension plans covering 976,439 participants. The average funding ratio is 60.9%, ranking #43 among all states. 3 plans are underfunded.
New Jersey has 5 pension plans in our dataset, ranked below by the LakeQuality pension-health composite. The score combines current funding ratio (50%), multi-year funding trend (30%), and PBGC risk classification (20%) into a 0-100 grade.
Top-of-list plans usually combine funded ratios at or above 90% with stable multi-year trajectories and low PBGC risk. Public-sector teacher and employee retirement systems dominate the top rankings in many states because their large asset bases support institutional investment management. Each plan below links to its full profile — multi-year funding history, participant demographics, sponsor financials where available, and the underlying factors driving the composite grade.
5
Total Plans
976,439
Participants
60.9%
Avg Funding
$124.5B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | New Jersey Public Employees Retirement System (PERS) | 425,000 | 52.3% | C |
| 2 | New Jersey Teachers Pension & Annuity Fund (TPAF) | 268,000 | 48.1% | C |
| 3 | Verizon Management Pension Plan | 112,363 | 95.6% | A |
| 4 | New Jersey Police & Firemen's Retirement System (PFRS) | 88,000 | 58.1% | C |
| 5 | Johnson & Johnson Pension Plan | 83,076 | 124.0% | A |
Frequently Asked Questions
New Jersey has 5 pension plans covering 976,439 participants, with combined assets of $124.5B against $204.4B in liabilities.
The average funding ratio across New Jersey pension plans is 60.9%. 3 of 5 plans (60%) are considered underfunded.
New Jersey Public Employees Retirement System (PERS) is the top-rated plan in New Jersey with a funding ratio of 52.3% and a Pension Health Grade of C.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.