Retirees can also verify their beneficiary designations by written request to: Beneficiary ServicesDivision of Pensions & Benefits P.O. Required forms and documentation should be returned to the NJDBP immediately in order to process payments and/or provide insurance. stream 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. 0000019838 00000 n //if cookies are not enabled on client's browser For example: For more information you may reference the Loans Fact Sheet. Nominations are being accepted to fill one Municipal representative position on the PERS Board of Trustees. In order to participate in an election, a delegate/alternate must have an MBOS account in order to cast their vote. Beneficiaries of pension and/or life insurance payments and surviving spouse/partner/dependents on the member's health insurance coverage will be notified by mail. PERS Board of Trustees meetings are held at the following location: Meetings will be held exclusively in person unless otherwise stated. Active Employees Retirees Employers Claims 0000005393 00000 n 0000004446 00000 n Once you apply for withdrawal, your former employer will be contacted to complete the Employer's Certification for Withdrawal. Paper loan applications are not accepted except in the following cases: In these cases only, a Certified Loan Application may be remitted. It is important to note that by submitting a Tier-to-Tier Transfer, you waive all rights to retirement benefits under the original account. You seem to have disabled JavaScript. When removing a dependent child from your coverage (for any reason) there may be a change in the amount deducted from your paycheck or retirement check (if self-paid) due to your coverage-level change. >"5J4`LQ` t&wX4hQA?e:Cmh <. Members of ABP, DCRP, and SACT should use an ABP/DCRP/SACT Change of Address Form. 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. 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. Find out what you need to know using our Online Retirement Guide. The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. 32 0 obj <>stream State 0000000016 00000 n Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. You will then be connected to a Client Services phone representative for assistance. Please remember to register with your respective county for the 2024 election of a member-trustee. 0000019202 00000 n // alert(document.forms["contact"].recipient.value); Call NJPIES Call Center for medical information related to COVID: You must not have withdrawn from the PERS; and, It must be less than two consecutive years since your last pension contribution; and, You must meet all the eligibility requirements of the PERS with the new employer. 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. Meetings are held every Second Monday 10:00 A.M. *Indicates change due to holiday or conflict of original schedule. } If the last day of the month falls on either Saturday or Sunday the benefit payments will be released on the Friday prior to the weekend. Both seminars and webinars conclude with a brief Q&A period. else if ((searchString.length > 0) && (checkRemember(searchString) != "yes")){ Google Translate is an online service for which the user pays nothing to obtain a purported language translation. 9Dd'67#CeQ8^d.G*FrjT#`diB{~w}r I8XerX=6I,19AG8]NeD"z--KK?~t!br@&_Bz1U9k3i(^juu^(~sO #s5#lz#:H{T\q&dJp+8-sy, ihx&&uRg9;=yF3rjak*r0xo|Lsh!b\(G/tA""WpNL /KnViG,{MS=^Pe\9aWsc\B8aTvjnh4XR+{[7Y /gB0vkcG,FVKt.v! The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. // var required_value = document.forms[from_form].required.value; endstream endobj 14 0 obj <> endobj 15 0 obj <>stream if (document.forms[from_form].affiliation_code) { hb```rN``f`sl`hae`o``PmCGGDXi^ 0*139H^0jHl8ty } Box 295, Trenton, NJ 08625-0295. 0 It is important that the NJDPB is notified immediately upon your return to payroll so your loan plus additional accrued interest can be recertified. } function setup_Params(from_form, to_form) { Only members who are actively working and making pension contributions may take a loan. } This section contains letters that the Division of Pensions & Benefits has recently sent to selected groups of retirees. */. If you miss the deadline, you will have to wait until the annual open enrollment period to add your partner to your plan. 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. The County representative will be elected for a three-year term beginning July 1, 2023 and ending on June 30, 2026. endstream endobj 46 0 obj <> endobj 47 0 obj <>stream endstream endobj 14 0 obj <>stream You may be eligible to convert your coverage to an individual policy. In the event that more than one candidate has registered with the Board Secretary, an election will be required which is conducted electronically via the Member Benefits Online System (MBOS). 0000001103 00000 n Only active PERS-Municipal members may nominate a candidate for the PERS Municipal position. Postmark Date All New Jersey Income Tax returns postmarked on or before If you have additional questions, call DCF customer service at 844-830-6178. O^. However, because of the five-year rule, the repayment amount may be much higher. 0000010851 00000 n FAQs. See your plan Guidebook for full details about Group Life Insurance. Set_Cookie("userProfile",searchString,expires); 0000001026 00000 n There is no cost to the member for coverage. A child who has reached age 26 and a COBRA recipient may continue coverage under COBRA for a period of 36 months. Noncontributory Group Life Insurance is provided by the employer through the retirement system. Phone Conference ID: 860 479 929#. Most members are covered by Group Life Insurance benefits. } // alert(write_file_value); 0000007581 00000 n Nine Member Board: 6 Elected, 2 Gubernatorial Appointments, 1 Treasurer's Appointment, (l) State Investment Council Representative, (a) Actuarial Selection Committee Representative. If the first falls on a weekend or a holiday, checks will be deposited on the last business day before the weekend or holiday. 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. (Homeowners $250,000 and Renters/Tenants $150,000) Filing deadline was February 28, 2023. } 0000002462 00000 n HTM08W}whV\]B6vQ=v[!R333W=NBMK3K29M(?S"mJ)j C[:zHaspfWcfuHlQ dFR4] }N3Bq}xeC4YX|]gRN4*uLXbPwa^oZbk.2C)ahMmy%QW`!Dpl$Q=1v=,::v /<627un? j#1MvK'97Pc6XZMJu[. v'Kja #\~`Fx4f ~0 >stream The New Jersey Division of Pensions & Benefits (NJDPB) welcomes the opportunity to consider your thoughts, concerns, ideas, and questions. Five (5) Trustees Appointed by the Governor. 3 John Fitch Way To withdraw, you must complete the Application for Withdrawal through MBOS. Call NJPIES Call Center for medical information related to COVID: 800-962-1253 erdot; Must find? You just need to have access to a computer and log on to Election America and follow the simple directions. // var recipient = document.forms[from_form].recipient.value; 0000004300 00000 n When using MBOS you can determine your eligibility to borrow, the maximum amount you may borrow, and calculate various repayment options. 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. If you miss the deadline, your spouse/partner will be enrolled on the first of the month following a 60-day waiting period. HlSMs6W0 >VrDTAtHHowIQ =| &bSh)T8+p{AvKerH,@)K& *w011R"2Bq%=mx=] .X]]!X01.pQ~?4]C[TveSCs7L@C}fq|j?1l5h am"c [_M}R+ZrFUs5lp8HSYBDFP54Rz 0000003470 00000 n Retirees can easily review and change their, Review your life insurance and pension beneficiary designations via, State Active Employees Only: Disenroll your spouse/partner/dependent from your. 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 NJDPB should be notified of the death of an employee or retiree as soon as possible. GS>\[|b-aTr?cb}YsB~P@-[dgLfdSl;Cw&3# h Eligibility is determined by where you worked-not your residence; therefore, the county contact will be based on the county where you are currently employed or your school district at the time you retired. Set_Cookie("userProfile","",expires); If you receive monthly benefits from PBGC through direct deposit, we will deposit your benefit payment on the first business . var body = '

'+msg+'

'; Google Translate is an online service for which the user pays nothing to obtain a purported language translation. 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. If you miss the deadline, your dependent will be enrolled on the first of the month following a 60-day waiting period. Please navigate to your plan below to find the meeting dates and agendas. 2022 December If you have direct deposit, your December pension payment was deposited on December 30. 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. View Direct Deposit Electronic Funds Transfer (EFT) in our Video Library . %%EOF You also can send an email to: pensions.nj@treas.nj.gov Electronic Funds Transfer (EFT) also known as Direct Deposit is the automatic deposit of your monthly retirement check to your bank account. Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to remove a dependent child. %%EOF The Certifying Officer at each employing location is required to distribute this information to all eligible employees when the notice is received. Retired members are retirees of the State of New Jersey, Local Government, and Local Education. hbbd``b`~@q3`a b+H6@^CH @h&#Lyo 0 J Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to remove a dependent. You can see your eligibility, the maximum amount you may borrow, and calculate various repayment options. IRS regulations require members to make timely payments toward outstanding loan balances. The administrative processing fee is set annually to fund costs associated with administering the pension loan program. The interest on a pension loan borrowed in 2023 has been set at 10 percent per year. Nominations must be received online or arrive in the Board Office on or before 4:00 p.m. Monday, May 15, 2023. View Updating Your Address in our Video Library. var cookieEnabled = checkCookieEnabled(); Set_Cookie("userProfile","",expires); Looking for health benefits? 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_ Change your address online using MBOS. The Board meets monthly at the Division of Pensions and Benefits in Trenton. Direct deposit available New Jersey Online Filing Use the free New Jersey Online Filing Service to file . Current Internal Revenue Service regulations require that all loans taken have a maximum repayment schedule of five years. 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. If you take additional loans before the original loan is completely paid off, you must pay them all off by the first five-year end date. 0000019308 00000 n