National Association of State Retirement Administrators

New Jersey

The New Jersey Division of Pension and Benefits administers pension and other benefits for most public employees in the state, including teachers, state employees, and employees of political subdivisions that have elected to participate. The Division maintains nine pension plans. Three plans--the Public Employees' Retirement System, Teachers' Pension & Annuity Fund and the Police & Firemen's Retirement System--comprise more than 98 percent of all active members. Assets are managed by the state treasurer.


Authorizing Statutes

Title 43 of the New Jersey Statutes addresses pension and retirement issues. According to the Public Employees' Retirement-Social Security Integration Act (P.L.1954, c. 84), the pension fund was established according to

"An act to provide for the creation, setting apart, maintenance and administration of a city employees' retirement system in cities of the first class having, at the time of the enactment of this act, a population in excess of 400,000 inhabitants; and merging and superseding the provisions of pension funds established pursuant to article 2 of chapter 13, chapters 18 and 19, of Title 43 of the Revised Statutes, in said cities."


Per the U.S. Census, in FY 2021, employer contributions to New Jersey government pension plans were 6.79 percent of all state and local government direct general spending.

Constitutional Protections

Spina v. Consolidated Police & Firemen's Pension Fund Comm'n.,197 A.2d 169 (1964)(holding that pension benefits were not a gratuity but declined to find contractual rights because the retirement fund, to be a contract, must guarantee the solvency "We think it more accurate to acknowledge the inadequacy of the contractual concept."); New Jersey Education Ass'n v. State of New Jersey, 989 A.2d 282 (N.J.Super.Ct. App. Div.201O)(participants do not have a constitutionally-protected right to a particular level, manner, or method of state funding of a pension system); Professional Firefighters Ass'n of New Jersey v. State, 2011WL 3667721 (N.J.Super.A.D. Aug 23, 2011)(NO. A-3681-09T3)(legislation reducing required employer contributions does not violate the Contracts Clause of the state or federal constitution; while vested members have non-forfeitable rights to receive benefits the Legislature discretion to maintain the Plan's funds as it sees fit). (NJ CONST., Article 4, §7, P3) Source: Robert Klausner, Esq., State Constitutional Protections for Public Sector Retirement Benefits
Flag of New Jersey (January 15, 1896)

Population (2023) 9,290,841

New Jersey public pension statistics, per U.S. Census Bureau as of FY 2023 ($ in 000s)



Active Members




Benefits Paid


Employee Contributions


Employer Contributions




More Data

Other Resources