New Jersey public pension investment earnings climbed from $2.2 billion in 2023 to $2.8 billion for 2024, according to figures from the U.S. Census Bureau’s Annual Survey of Public Pensions.
The U.S. Census Bureau’s Annual Survey of Public Pensions reviews defined-benefit pension systems managed by government agencies, with program members serving as public workers paid with government funds. The survey defines local governments as counties, municipalities, townships, school districts, and special districts.
This survey offers statistics on revenues, expenditures, assets, and membership for these retirement systems, and the detailed questionnaires may capture further data, including liabilities.
Not all participants submit full responses to each question; as a result, response rates differ across data points, which can limit the completeness of certain figures in published tables.
As of 2025, nine states do not impose a general personal income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. However, New Hampshire and Washington have specific investment or capital gains tax provisions.
New Jersey included data for 15 pension plans—seven at the state level and eight for local systems. Pension system membership totaled 820,525, with 814,894 at the state level and 5,631 among local entities.
This report uses information from the U.S. Census Bureau’s Annual Survey of Public Pensions. Access the source data here.
