State of New Jersey Common Pension Fund A

The State of New Jersey Common Pension Fund A is a pension plan sponsor and investment advisor that is managed by the New Kersey Division of Investment, which is in turn under the supervision of the State Investment Council. As of 2015, the total pension fund amount under the Division of Investment is approximately $80 billion, with the majority of its asset investments allocated in the global growth sector, which along makes up over half of total assets, and also invested in the income, liquidity, real return, and risk mitigation sectors, among others, listed in order of decreasing asset allocation. The pension fund supports the retirement plans of over three quarters of a million people in seven public pension systems in New Jersey, including the Consolidated Police & Firemen’s Pension Fund, the Judicial Retirement System, the Police & Firemen’s Retirement System, the Prison Officers Pension Fund, the Public Employees’ Retirement System, the State Police Retirement System and the Teachers’ Pension & Annuity Fund. The State of New Jersey Pension Fund includes four common pension funds, with Common Pension Fund D focusing on international securities and fixed income securities, Common Pension Fund B focusing on domestic fixed income, Common Pension Fund E focusing on alternative investments, and Common Pension Fund A, one of the funds within this family, focusing on domestic equities. The fund does not exist as a legally separate entity within New Jersey and that assets that are managed by the division and the funds are included in the financial statements of the state. The dividends and interest earned on the State of New Jersey Common Pension Fund A, like that of the State of New Jersey Common Pension Fund B, are calculated monthly and distributed quarterly, unlike the income of the State of New Jersey Common Pension Fund D, which is reinvested. The State of New Jersey Common Pension Fund A has a current market value of approximately $21.2 billion, which, although it has grown substantially from $20.5 billion two years prior, has dipped in value from 2014.