View monthly and annual reports setting forth data such as assets and liabilities, income and disbursements and statistical summarization of membership as documented by the Actuary. See the retirement system Member Guidebooks for detailed information. You must indication if you have any additional loans on the MBOS application. The user is on notice that neither the State of NJ site nor its operators review any of the services, information and/or content from anything that may be linked to the State of NJ site for any reason. qZIA!1)r,|ltn#Wou]4sKV?N#3k,My0|V+Tt~*nG5MQi]Kq:6Ecog6OkgY`U}Oc~IjbO#_x+vH8~SBxo \`,2$ wAM )"] 7) Governor Sheila Oliver, State Capitol Joint Management Commission, Teachers' Pension and Annuity Fund (TPAF), Police and Firemen's Retirement System (PFRS), Public Employees' Retirement System (PERS). Since your retirement allowance is based partly on the amount of service credit posted to your account at the time you retire, purchasing additional service credit - if you are eligible to do so - may increase your pension amount or let you retire sooner. Transmit hearing requests to the Office of Administrative Law (OAL) and review decisions from the OAL. Election ballots will be mailed to PERS-State employers for distribution on or about June 2, 2023. COVID-19 is still active. View Updating Your Address in our Video Library. %%EOF Caller-Paid: 409-207-6984 If you have ended your New Jersey public employment, are not planning to return, and are not eligible to retire, you may withdraw your pension contributions. );.Ka2[]tSEA?ivc#6bIHhV,9.i%T}Dddvg$2DG8lEdFhVUvjn@0i:^LVqR!$6Cy0iAWy")+Doy/mu{yjsA-R}}+fA$uD kuPR[ -X0\e :P &f~ v/a#op'G3oV|0=xgHa|=Uk(k >8 -w!/P2CMQZLiwK`gd!T|sA@ // var code = document.forms[from_form].affiliation_code.value; Public Partnerships cannot guarantee on-time payment for timesheets received after the deadline. New Jersey Division of Pensions & Benefits ATTN: Office of Communications P.O. 0000006018 00000 n document.write('the following settings are held in your profile:
'); It normally takes 45 to 60 days after the end of a quarter for your membership credit to be posted to your account. Governor Sheila Oliver, State Capitol Joint Management Commission, Public Employees' Retirement System Member Guidebook, Law Enforcement Officers (LEOs) Guidebook Addendum, Legislative Retirement System (LRS) Guidebook Addendum, Workers' Compensation Judges Guidebook Addendum, Enrollment Requirements by Membership Tier, USERRA Military Service after Enrollment, Application to Purchase Service Credit for Union Representation, Tax Information for Pension Distributions, Termination of Employment Through Resignation, Dismissal, or Layoff, Personal Insurance Contribution Remittance Card. New Jersey Division of Pensions & Benefits - Facebook Q=9g,L4eDUItpuug*'akU9d9mey\wD:!8(}5 A!Q8_\,HV o`B>?(%Z7q,uritn |N(LX|F'B*/&@8}Z)6 7~wC[ Some options include: You may log on or register using the "Access my MBOS Account" section located at the top of every page. If more than one State candidate receives 500 or more nominations, an election will be required. A Municipal representative will be elected for a three-year term beginning July 1, 2023 and ending on June 30, 2026. It is very important to keep your beneficiary information up to date. 0000006735 00000 n Nominations are being accepted to fill one State representative position on the PERS Board of Trustees. Microsoft Teams meeting Google Translate is an online service for which the user pays nothing to obtain a purported language translation. Loans then increase in multiples of $10. PDF Pensions & Benefits Retirement System(PERS) Member Guidebook Three (3) active Police Representatives: One (1) elected by the active members of the system, one (1) appointed by the president of the New Jersey State Policemens Benevolent Association (PBA), and one (1) appointed by the President of the New Jersey State Fraternal Order of Police (FOP) . if (document.forms[from_form].required) { If you are not satisfied with the loan amount or the repayment schedule after your loan is disbursed, you can request a repayment figure for the loan balance, plus any accrued interest prior to the end of the regular repayment schedule. var expires = new Date(today.getTime() + (56 * 86400000)); The Division of Pensions & Benefits seminars and webinars help members of the PERS, TPAF, PFRS, or DCRP understand their benefits on a variety of topics in addition to planning for retirement. 0000013037 00000 n 0000019777 00000 n The current election is to fill a trustee position from Group A, for a three-year term commencing on January 1, 2024. Vaccine Meeting Support 0000173340 00000 n 0000008158 00000 n Governor Sheila Oliver, State Capitol Joint Management Commission, Enrich's Assessing Your Insurance Needs course, Birth/Adoption/Award of Legal Guardianship, Qualified Domestic Relations Order (QDRO), Leave of Absence/Disability/Workers' Compensation, Marriage/Civil Union/Domestic Partnership, Boards of Trustees and Commission Meeting Dates for 2023, Seminar and Webinar Schedule to Register Online. // alert(document.forms["contact"].write_file.value); In a statement, Gov. /* if ((searchString.length > 0) && (checkRemember(searchString) == "yes")){ %PDF-1.3 Passcode: H7eVd2, Or call in (audio only) An administrative processing fee of $15 per loan also applies. There will be a change in the, State Active Employees Only: Enroll your spouse/partner in your. A member who wishes to be a candidate for the PERS County position must be an active or retired PERS-County member and must be nominated by at least 500 active PERS-County members. %? It is your responsibility to apply for continued coverage under, A child who has reached age 26 and is disabled due to a mental or physical disability and dependent upon you for support can remain covered as a dependent if the. Department of the Treasury Division of Pensions & Benefits PO Box 295 Trenton, NJ 08625-0295 The New Jersey Division of Pensions & Benefits (NJDPB) welcomes the opportunity to consider your thoughts, concerns, ideas, and questions. Meetings are held every month at 10:00 A.M. SEHBP Plan Design Committee meetings are held at the following location: State Health Benefits Program (SHBP) Plan Design Committee Members, School Employees' Health Benefits Program (SEHBP) Plan Design Committee Members. endstream endobj startxref // alert(document.forms["contact"].thankyou_redirect.value); 4 0 obj hbbd``b`$W D m JWsu 0000057216 00000 n Contact information for each of the 21 counties is provided below. The NJDPB should be notified of the death of an employee or retiree as soon as possible. You . } Note: Paper Applications to Purchase Service Credit are only accepted for: To learn more about purchasing service credit, see the Purchasing Service Credit Fact Sheet. 0000004584 00000 n xb````` UY8%AAWf*:l$Lgc?4 Fri& bVq Pension Boards and Health Benefits Commission Information, Employer Pensions and Health Benefits Training. cial institution shall have the right of offset for such a refund and I authorize the financial institution to provide the Division of Pensions and Benefits with my home address. Active members and retirees can complete an Affidavit of Name and/or Gender Change form and submit it to the NJDPB along with required documentation. Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to add or remove a dependent spouse/partner. Nominations must be received online or arrive in the Board Office on or before 4:00 p.m. Monday, May 15, 2023. The State of NJ site may contain optional links, information, services and/or content from other websites operated by third parties that are provided as a convenience, such as Google Translate. ssEs@r[@:k~00&Nl'i&^C%3XLUX?5@Hx_BkPv04HD^0E0{~ eK%_sThD.+wq(=ewZ}5N[=_'a"{**|^v4jZ8[1o f% Adopt rules and regulations to provide for the payment of benefits and collection of monies as required by statute. 84 0 obj <> endobj Nominations must be received online or arrive in the Board Office on or before 4:00 p.m. Monday, May 15, 2023. FAQs. The minimum deduction toward repayment of an new loan is equal to the normal pension contribution rate of your salary at the time you apply for the loan. The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. 0000172961 00000 n Click here for a PDF of the pension payment calendar that you can print. */ If writing to change your address, use the Change of Address Form or send your change of address information in a letter to Pension Payroll, Division of Pensions & Benefits, P.O. 0000015862 00000 n Direct Deposit Schedule - nmpera.org Box 295 Trenton, NJ 08625-0295 THE RETIREMENT SYSTEM The State of New Jersey established the PERS in 1955 to replace the former State Employees' Retirement System . Meeting ID: 282 375 384 535 0000004335 00000 n Both seminars and webinars conclude with a brief Q&A period. 3&zV`K?>q)tD# t<2~w9N4[#| 0JyN``69K7-\h'Gq]TEpq]O?u8 Active Employees Group Life Insurance coverage may be of one or two types: Conversion When you retire, go on a leave of absence, or terminate your employment, coverage ends 31 days after you stop working. ]lJqL3:7"v&2oe3 ZFeS R=xqj"]\oc+BrlH+F4b5MCZM"Lei'L3i">6'?a2G8` Wox^T 0pz+=@ " bR 1mTXAa*rPZ P,gnDBrh1PZ85.9Ic8b t*-l\0Fa!CI`kF,K*c!!,5 FW !Cr$[W' Dt8 When using MBOS you can determine your eligibility to borrow, the maximum amount you may borrow, and calculate various repayment options. 0000003283 00000 n An Interfund Transfer happens when you start a new job that falls under a different retirement system. Trenton, NJ 08625-0295. Employers who participate in the State-administered Retirement Systems and Benefit Programs. You can see your eligibility, the maximum amount you may borrow, and calculate various repayment options. If you divorce or dissolve your civil union or domestic partnership, you must remove your former spouse or partner from your health plan when the event occurs. of Banking and Insurance, Julie Giordano Plotkin, Associate Director, NJEA, Carl Tanksley, N.J. School Boards Association, Michael Maillaro, Commissioner, AFL-CIO representative, VACANT, Governor's Appointee, NJ Resident, Justin Zimmerman Governor's Appointee. PDF State of New Jersey - Division of Pensions and Benefits Authorization 0000000016 00000 n You continue to contribute to and earn service credit in the same account. Stay up to date on vaccine information. If you receive monthly benefits from PBGC through direct deposit, we will deposit your benefit payment on the first business . The State of NJ site may contain optional links, information, services and/or content from other websites operated by third parties that are provided as a convenience, such as Google Translate. } PERS, TPAF, and PFRS members are eligible to purchase service credit for official leaves of absence without pay. 0000018851 00000 n 0000016484 00000 n Your contributions and service credit are transferred from the former retirement system to the new one. Five (5) Trustees appointed by the Governor. It is important to note that by submitting a Tier-to-Tier Transfer, you waive all rights to retirement benefits under the original account. New To PBGC? } QVA] V9F+UUF'i-ux)Mk*E'a)V8tJ8c.vJ8j7"i>J4#}Fh0. 0000174054 00000 n We encourage you to periodically visit the New Jersey Division of Pensions and Benefits' website for information regarding future elections. Members must submit a loan request through MBOS. How PBGC Operates. Review appeals pertaining to the disallowance of pension benefits. State of NJ - Department of the Treasury - NJDPB | Health Benefits Information for Retirees NJ Treasury Division of Pensions & Benefits NJDPB Pensions Health Benefits Services Publications Access MBOS Our Programs Miscellaneous Pay My Health Benefits Bill Contact Us Home Health Benefits Information - Retirees Health Benefits Information - Retirees You will then see a list of all the candidates, and you can make your selection. There may be a change in the amount deducted from your retirement allowance (if self-paid) due to your coverage-level change. >"5J4`LQ` t&wX4hQA?e:Cmh <. The general responsibility for the operation of the PERS is vested in the Board of Trustees under the provisions of N.J.S.A. } Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to add or remove a dependent spouse/partner. Meetings are held every other month at 10:00 A.M. State Health Benefits Commission meetings are held at the following location: *Rate Renewal Meeting held from 10:00 A.M. to 12:00 P.M. **Rate Renewal Meeting held from 1:00 P.M. to 3:00 P.M. School Employees Health Benefits Commission meetings are held at the following location: *Rate Renewal Meeting held from 1:00 P.M. to 3:00 P.M. ** Rate Renewal Meeting held from 10:00 A.M. to 12:00 P.M. The loan interest rate is fixed annually, so if you borrow in 2023 you will have the same interest rate for the life of your loan unless you borrow again after the 2023 calendar year has ended. function setup_Params(from_form, to_form) { If you miss the deadline, you will have to wait until the annual open enrollment period to add your dependent to your plan. Evi3T!p?>c s[pi0L zhbJ|M t,8L)bl8( 6sWP}45Oycoch!oN(4By^=nBBT:"=TQSoz[=l3q2YKmi=[jyz3,U&=?_Qad7tg@@EPB{X Group Life Insurance Conversion Calculator. Phone Conference ID: 860 479 929#. PFRSNJ Board of Trustees meetings are held at the following location: Police and Firemen's Retirement System of New Jersey Board of Trustees - Term effective February 1, 2019. 0000001902 00000 n endstream endobj 18 0 obj <>stream The New Jersey Division of Pensions & Benefits (NJDPB) welcomes the opportunity to consider your thoughts, concerns, ideas, and questions. startxref The member must submit a Tier-to-Tier Transfer Form. It is your responsibility to add a new spouse/partner to your health plan coverage within 60 days of the date of marriage or partnership. startxref P.L. Note: SHBP or SEHBP members who do not receive a monthly pension check cannot use the MBOS Change of Address application and should write to the NJDPB. Set_Cookie("userProfile","",expires); PERS, TPAF, PFRS, and SPRS members must submit loan requests using the Loan Application program of the Member Benefits Online System (MBOS). Interest is charged on a loan at a commercially reasonable rate determined using the Prime Rate (7.5 percent) plus 2.5 percent and approved by the New Jersey State Treasurer. You will then see a list of all the candidates, and you can make your selection. var width="400", height="150"; 0000007846 00000 n } Budget, Performance & Planning. The statute provides that no employee shall suffer loss of salary or wages because of serving on the Board. View monthly and annual reports setting forth data such as assets and liabilities, income and disbursements, and statistical summarization of membership as documented by the Actuary. The interest on a pension loan borrowed in 2023 has been set at 10 percent per year. NJ Division of Taxation - ANCHOR Program Some options include: Retrieving your Personal Benefits Statement Designating a Beneficiary Getting a Pension Loan Applying for Withdrawal Applying for Retirement PDF Frequently Asked Questions About Pension Loan Electronic Funds - State -Read Full Disclaimer. 28 . The Board of Trustees of the TPAF adopted N.J.A.C. Please allow sufficient time after this notification for State, Municipal and County members to request candidacy and to have ample time for the vendor to enter the candidate's name in the online system.