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Division of Investment


Welcome to the Division of Investment

The Division of Investment, under the supervision of the State Investment Council, is one of the largest pension fund managers in the United States, responsible for the investment management of the seven pension funds that comprise the New Jersey Pension Fund and the State of New Jersey Cash Management Fund. As of the end of Fiscal Year 2020, the Pension Fund was valued at $76 billion.

The Pension Fund supports the retirement plans of approximately 800,000 active and retired employees in seven public pension systems: 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.

Shoaib Khan, Acting Director

Physical Location & Courier Mail Address:
50 West State Street,
9th Floor
Trenton, NJ 08608-0290

USPS Mail Address:
PO Box 290
Trenton, NJ 08625-0290

2021 Holiday Notice to Vendors

$99.11 billion

(Market value, unaudited, as of 11/30/2021. May not reflect the current market values of some alternative investments through the period noted, due to lags in reporting under industry standards.)


Cash Management Fund
Rate of Return

Cash Management Fund
Rate of Return
  State Other-than-State
Annualized Monthly Rate
for December 2021
0.06 0.04
Annualized Daily Rate
on 12/31/2021
0.07 0.05

If you need assistance or have questions, please email

Past Cash Management Fund Rates

Last Updated: Wednesday, 01/26/22