Municipal Budgets 2021 (4) Pension Contributions

Comparing pension records to 2021 budget allocations that municipalities in Union County made for their contributions to the New Jersey Public Employees Retirement System (PERS) and Police and Firemen’s Retirement System (PFRS) shows that, on average, PERS and PFRS contributions made up 8.17% of total budgets, representing $170 per resident. The average contribution as a percentage of a participant’s salary came to 25.03% with $19,942 as the average contribution per participant.

Spreadsheets with this data and a breakdown by municipality follow.

One response to this post.

  1. Posted by qpat00 on November 19, 2021 at 10:28 pm

    yikes that last spreadsheet,”pension per employee per year”….thats a wow number for sure having to put that much away to cover their public retirements moving forward. Is that the number that just the taxpyers are footing the bill, or does that include the public sector contributions in those numbers?

    Reply

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