New Jersey Has Among the Least Generous Pension Benefits

 

According to this recently released report from the New Jersey Policy Perspective entitled New Jersey Has Modest Public Pension Benefits, this state “In addition to being some of the least generous pensions in the country, New Jersey’s pensions are modest in dollar amounts, even though the Garden State remains one of the highest-cost states in which to live.”(2)  The report continues stating how the average pension benefits for New Jersey workers average $26,000 and how out of the largest 100 pension plans examined, New Jersey’s is almost last in terms of pension generosity – 95.

 
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