The long-range financial forecasts presented to show that the State Police Retirement System (SPRS) is a well-funded pension system as measured by the system's actuarial cost method and either the SPRS actuary's assumptions or the New Jersey legislature's Office of Fiscal Affairs' (OFA) best-estimate assumptions. In the unlikely event of plan termination, assets on hand are sufficient to cover all of the benefits accrued to date by retired and active employees. On the more realistic plan continuation basis, assets are equal to about 90 percent of accrued benefit liabilities. These funded levels compare favorably to many other pension plans of equal age, whether public or private, and especially to most uniformed services plans. OFA recommends that the SPRS actuary review the cumulative experience of the plan over at least 3 years in assessing the accuracy of decrement assumptions, and that these assumptions be adjusted accordingly should the experience of the plan persistently deviate in one direction. Furthermore, it is recommended that the use of explicit best-estimate assumptions be considered by the State Treasurer and the SPRS actuary. Suggestions for legislation that would improve the pension plan are also provided. Actuarial tables and SPRS benefit provisions are appended.