This comes from the State of New Jersey Division of Taxation: "You can exclude all or part of the pension income reported if you (and your spouse) were 62 or older by 12/31 (for calendar year filers); and your total income was $150,000 or less'"
A full exclusion of $100,000 is available if you are Married Filing Jointly and your total income is $100,000 or less
For Married Filing Separately, a full exclusion is available if your total income is $50,000 or less
For all other filing statuses, the full exclusion of the pension income is available if you total income is $75,000 or less.
Partial exclusions of income apply to total income levels above the previous levels given, up to $150,000.
Here's a link to the details of the NJ Pension Exclusion
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