New Jersey Has Modest Public Pension Benefits

While one of the central tenets of repeated calls for major changes to New Jersey’s public pension system is the claim that public employee pensions are overly generous, retirement benefits for the state’s public workers are already among the least generous of all large public-sector pensions in the country, in part because of cuts enacted in the pension reforms of 2011. In fact, New Jersey ranks 95th in pension generosity among the country’s 100 largest plans.