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'); 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. An Intrafund Fund (also known as a Report of Transfer) happens when you stop working for one employer and are hired by another employer in a job that falls under the same retirement system. of Banking and Insurance, Allison Chris Myers, Civil Service Commission, Dudley Burdge, AFL-CIO representative for Local Government Employees, Jennifer Higgins, AFL-CIO representative for State Government Employees, Sonia Rivera-Perez, representing State Treasurer Elizabeth Maher Muoio, Philip Gennance, representing Acting Commissioner Marlene Caride of the Dept. The letters are provided for archival purposes only; therefore, some information may be out of date and/or superseded by later changes. Resolve individual questions and appeals on the merits of each case in terms of statutes, opinions of the Attorney General, advice of the Actuary and cases cited by counsel as deliberated by the Courts. else { } 0000001103 00000 n { Archived Board Agendas PERS TPAF PFRS SPRS JRS SHBC SEHBC PHBRC Plan Design Committee Other How PBGC Operates. 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. The member must submit a Tier-to-Tier Transfer Form. 0000173719 00000 n 0 Members applying for a purchase fewer than 30 days before their retirement date or Board of Trustees approval date. Box 295, Trenton, NJ 08625-0295. -Read Full Disclaimer, Retirement Planning Seminars and Webinars, For PERS, TPAF, and PFRS Members For available dates, times and locations or to register see the seminar and webinar schedule, Member Topics, Employer Training, NJWELL, Health Benefit Information, You Can Now Pay Your Health Benefits Bill Online. document.write('
You seem to have disabled Cookies. */. Call NJPIES Call Center for medical information related to COVID: Retrieving your Personal Benefits Statement. xb````` UY8%AAWf*:l$Lgc?4 Fri& bVq For complete information about pension loans, see our Loans fact sheet or our Pension Loans page. Visit: covid19.nj.gov. Trenton, NJ 08625-0295. You also can send an email to: pensions.nj@treas.nj.gov 0000010851 00000 n To be eligible for an Intrafund Transfer: If there has been a break in service of more than two years since your last pension contribution, you cannot contribute to your prior PERS account. Paper Loan Applications are not accepted! Noncontributory Group Life Insurance is provided by the employer through the retirement system. } startxref Find out what you need to know using our Online Retirement Guide. 0000013951 00000 n HVn8}W2)"G.Z4n],GN/2E [L.H%*2T|&L*H]]b~ Governor Sheila Oliver, State Capitol Joint Management Commission. 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. 0000007581 00000 n %PDF-1.5 % var left = (screen.width/2) - width/2; 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. You just need to have access to a computer and log on to Election America and follow the simple directions. <<3FA717701EC33B4B835C453558FB4D18>]/Prev 264054>> Your payments will continue to be added to your New Jersey DCF Debit MasterCard until direct deposit is in effect on your bank account. Members have frequently requested for their loanto be available by direct deposit. Election ballots will be mailed to PERS-Municipal employers for distribution on or about June 2, 2023. You just need to have access to a computer and log on to Election America and follow the simple directions. var expires = new Date(today.getTime() + (56 * 86400000)); 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. endstream endobj 7 0 obj <> endobj 8 0 obj <> endobj 9 0 obj <>/Font<>/ProcSet[/PDF/Text]/ExtGState<>>> endobj 10 0 obj <> endobj 11 0 obj <> endobj 12 0 obj [/ICCBased 22 0 R] endobj 13 0 obj <>stream Once you apply for withdrawal, your former employer will be contacted to complete the Employer's Certification for Withdrawal. Fourth Quarter (October to December) 2022, More videos are available to view in our Video Library, Retirement Types, Eligibility & Calculations, Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. var top = (screen.height/2) - height/2; Meetings are held the third Friday of every other month at 10:00 A.M. *Indicates a change due to a holiday or a scheduling conflict. You must indication if you have any additional loans on the MBOS application. 0000173340 00000 n 0000174996 00000 n Local Government 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. } Transmit hearing requests to the Office of Administrative Law (OAL) and review decisions from the OAL. Passcode: H7eVd2, Or call in (audio only) 0000018851 00000 n Stay up to date on shot information. An administrative processing fee of $15 per loan also applies. Pension credit is "posted" to your account on a quarterly basis. // var recipient = document.forms[from_form].recipient.value; Any amount that you receive over the maximum shall be reported to the IRS as a deemed distribution and subject to additional tax. If the first falls on a weekend or a holiday, checks will be deposited on the last business day before the weekend or holiday. Monthly Payment Mailing Dates New York Life Guaranteed Products P.O. <]>> // alert(code); The official facebook page of the New Jersey Division of Pensions &. endstream endobj 14 0 obj <>stream You . All retirees who have worked for local, state, or federal government are entitled to certain health benefits. if (document.forms[from_form].error_redirect) { 0000006735 00000 n 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 your spouses employment status changes (e.g., starts or leaves a job), you can enroll/disenroll them in your health plan. The NJDPB is assigned all administrative functions of the retirement system except for invest- ment . Seminars are live classroom sessions provided at locations across the State. Some options include: You may log on or register using the "Access my MBOS Account" section located at the top of every page. Only active members of the retirement system are permitted to purchase service credit. >c Dh4|ac'/2XxV8"]vph}Uh#{nn|M{~a7F_/= J0~*"I>GP4rw9@RG-: 9 for the full amount of all retirement allowances or survivor benefit payments with due dates after the death of the benefit rec ipient . This section contains letters that the Division of Pensions & Benefits has recently sent to selected groups of retirees. More videos are available to view in our Video Library, Retirement Types, Eligibility & Calculations, Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. Direct deposit available New Jersey Online Filing Use the free New Jersey Online Filing Service to file . Nominations must be received online or arrive in the Board Office on or before 4:00 p.m. Monday, May 15, 2023. Employees can easily review and change life insurance/pension, State Active Employees Only: Add your spouse/partner or dependent to your Tax$ave Medical Flexible Spending Account and/or. 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 process is easy and it only takes a few minutes to support the candidate of your choice. } 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. Usually, your minimum loan repayment amount will be the same whether you borrow $500 or $5,000; however, the repayment of a larger loan will continue for a longer period of time that for a smaller loan. 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. 0 Google Translate is an online service for which the user pays nothing to obtain a purported language translation. If you take a leave of absence without pay for more than three months, you will be notified of non-payment toward the balance of your outstanding loan and offered the choice of making a lump-sum payment for the balance plus interest, or repayment of the loan in monthly installments through personal billing. . 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. The interest on a pension loan borrowed in 2023 has been set at 10 percent per year. The interest rate on pension loans is set annually by the New Jersey State Treasurer . State Active Employees Only: Disenroll your spouse/partner from your, 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. Registration for MBOS requires several steps. HSn0+V`FN&%9e(W_! Box 295, Trenton, NJ 08625-0295. endstream endobj 36 0 obj <>>> endobj 37 0 obj >/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 203>>/PageWidthList<0 792.0>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/Tabs/W/Thumb 30 0 R/TrimBox[0.0 0.0 792.0 612.0]/Type/Page>> endobj 38 0 obj <> endobj 39 0 obj <> endobj 40 0 obj <> endobj 41 0 obj [/ICCBased 64 0 R] endobj 42 0 obj <> endobj 43 0 obj <> endobj 44 0 obj [69 0 R] endobj 45 0 obj <>stream Review appeals pertaining to the denial of certain pension benefits. Proof of new coverage or proof of loss of coverage is required. 0000007846 00000 n This program provides property tax relief to New Jersey residents who owned or rented their principal residence (main home) on October 1, 2019, and met the 2019 gross income limits. Governor Sheila Oliver, State Capitol Joint Management Commission, Divorce, Dissolution of a Civil Union, and Your Retirement Benefits, IRMAA Claim Form for Medicare Part B and Part D, IRMAA Claim Form for Medicare Part D Only, Introducing mynjbenefitshub for SHBP Members, Introducing mynjbenefitshub for SEHBP Members, Open Letter to the PFRS Membership from the PFRSNJ. Postmark Date All New Jersey Income Tax returns postmarked on or before Establish rules and regulations within the limitations of statutes and opinions of the Courts designed to prevent injustices and inequities that may arise in the operation of the Retirement System. Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to remove a dependent. For inclement weather cancellations, call 609-292-6649. The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. 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. 99 0 obj <>/Filter/FlateDecode/ID[<187E7B744F8E6D4999E6A70C5BAB1966><8C3641587633C2408C2307D2996ADA02>]/Index[84 22]/Info 83 0 R/Length 78/Prev 89332/Root 85 0 R/Size 106/Type/XRef/W[1 2 1]>>stream In order to participate in an election, a delegate/alternate must have an MBOS account in order to cast their vote. // var code = document.forms[from_form].affiliation_code.value; 0000174412 00000 n Resolve individual questions on the merits of each case in terms of statutes, advice of the Actuary and cases cited by counsel as deliberated by the Courts. 0000005393 00000 n Meeting ID: 282 375 384 535 To take full advantage of our site and tools, we recommend Netscape 6+, Internet Explorer 5+ or Mozilla 1.2+. Google Translate is an online service for which the user pays nothing to obtain a purported language translation. You will need to provide the last four digits of your social security number, the first four letters of your last name, and your birthdate. The NJDPB should be notified of the death of an employee or retiree as soon as possible. Before you can use MBOS, you must register with both MBOS and the myNewJersey website. Active Employees Retirees Employers Claims //alert(checkRemember(searchString)); 0000014146 00000 n HKo@)fc: @.%6*==Of!h4!0|pJu[ eLeCt/ysGm_bI^fDb >BR??}_y|X`1j$=U]@Vw}{Q&FP\PD'u)oHiy5H0& 1^ 6~KU\W?_f4yMxgFDG{5_.=zkaU}~Pwp#yJ4u%[I ysTOoGy4~ @ .A)Xo6h}N'LPngR?!%t{1l`QxnvuHS,W'rJ/|S] mYl1:v*fP_ An application will be submitted to enroll you in a new PERS account under the membership tier in effect at the time you return to PERS employment. If you miss the deadline, your spouse/partner will be enrolled on the first of the month following a 60-day waiting period. 0000019838 00000 n An application will be provided upon verification of the Board or retirement date status. Include your name, retirement number or the last four digits of your Social Security number, both the old and new addresses, the date of the move, your daytime telephone number, and your signature. 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. msgWindow.document.write(head + body); 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 . //if cookies are not enabled on client's browser |8\b|)BH$XDVL( ) mG]9>YmvuAS0:*%SXuCoi{gr: ET!~Ji0KES cx_ymdwbflR87 %FQOG)dVKCm. 5$? The administrative processing fee is set annually to fund costs associated with administering the pension loan program. IRS regulations require members to make timely payments toward outstanding loan balances. if (checkRemember(searchString) == "yes") { 0000004170 00000 n document.forms[to_form].thankyou_redirect.value = document.forms[from_form].thankyou_redirect.value; Retired members may use MBOS to change their address, or may submit a Retiree Change of Address form. Informing the NJDPB of a change of address is easy and helps ensure that you will receive important information without delay. If you have a Workers' Compensation claim or litigation pending or if you have been dismissed and you have an appeal pending, your application cannot be processed until we receive required information from your employer. hb```rN``f`sl`hae`o``PmCGGDXi^ 0*139H^0jHl8ty You must apply to purchase service credit through MBOS. Retired members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to add or remove a dependent spouse/partner. Be sure to read the registration instructions for active members and for retired members and then use the button below to register for MBOS. If you would like to send a message to the NJDPB, please take a minute to complete the following form, which will provide the information necessary to identify your membership status and process your message. You just need to have access to a computer and log on to Election America and follow the simple directions. endstream endobj 85 0 obj <. // alert(document.forms["contact"].write_file.value); else { if (document.forms[from_form].thankyou_redirect) { Click the "Pay my Health Benefits Bill" button to access the ePayment system. 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. Upon returning to employment from a leave of absence, you may be eligible to purchase service credit . 3 John Fitch Way 0000004446 00000 n You will then be connected to a Client Services phone representative for assistance. -Read Full Disclaimer, Department of the Treasury A member who wishes to be a candidate for the PERS State position must be an active or retired PERS-State member and must be nominated by at least 500 active PERS-State members. Set_Cookie("userProfile","",expires); It normally takes 45 to 60 days after the end of a quarter for your membership credit to be posted to your account. The Board of Trustees of the TPAF adopted N.J.A.C. See. 0000002427 00000 n The process is easy and it only takes a few minutes to support the candidate of your choice. We would like to thank those delegates and alternates who registered this year with their respective county. */ Og5.F =, p20Fo2: I trailer Box 295 Trenton, NJ 08625-0295 Beneficiary Fact Sheets Designating a Beneficiary Reporting a Death Attendees may also access the meeting remotely via the Teams information provided below. Members without a valid board or retirement date will be instructed to apply using MBOS. 0000004559 00000 n 0000000016 00000 n Local Education, Our mission is to provide quality benefits and services to meet the needs of our clients. PO Box 295 } PERS, TPAF, and PFRS members are eligible to purchase service credit for official leaves of absence without pay. document.write('

Welcome, according to our records '); %%EOF Both seminars and webinars conclude with a brief Q&A period. if (document.forms[from_form].required) { Microsoft Teams meeting else {