NJ Public Employee Retirement System (PERS) Info

I did a little poking around about the Public Employee Retirement System (PERS) system and found their fiscal year 2004 annual report online. Link

There are a quite a few pension related programs managed by the State:

PERS Public Employees' Retirement System
TPAF Teachers' Pension and Annuity Fund
PFRS Police and Firemen's Retirement System
SPRS State Police Retirement System
JRS Judicial Retirement System
ABP Alternate Benefit Program
POPF Prison Officers' Pension Fund
CPFPF Consolidated Police and Firemen's Pension Fund
NJSEDCP NJ State Employees Deferred Compensation Plan
SACT Supplemental Annuity Collective Trust
ACTS Additional Contributions Tax-Sheltered Program
CPF Central Pension Fund
PAF Pension Adjustment Fund
UCTDSE Unemployment Compensation and Temporary Disability for State Employees
SHBP State Health Benefits Program
PDP Prescription Drug Plan
SEDP State Employee Dental Program
Tax$ave Premium Option Plan, Unreimbursed Medical Expense Plan Flexible
Account Plan, and Dependent Care Spending Account Plan
Commuter Tax$ave State Employees Commuter Tax Savings Program
LTC State Employees Long Term Care Insurance Plan

Some fun facts:

As of June 30, 2004, the active membership of the System totaled 314,673 This includes 94,066 State employees and 220,607 employees from 1,660 participating local employers. Total inactive membership as of June 30, 2004 was 49,203.

• There were 118,114 retirees and beneficiaries receiving annual pensions totaling $1,506,081,057. (This includes cost-of-living increases paid under the provisions of the Pension Adjustment Act).

• Beneficiaries of 705 active and 4,141 retired members received lump sum death benefits in the amount of $97,104,220.

• The System’s assets totaled $23,191,446,226 at the close of the fiscal year 2004.