However, because of the five-year rule, the repayment amount may be much higher. PDF The Official Web Site for The State of New Jersey If a delegate/alternate has not established an MBOS account we recommend that they do it by accessing it through the Division's website. A member who wishes to be a candidate for a PERS Municipal position must be an active or retired PERS-Municipal member and must be nominated by at least 300 active PERS-Municipal members. Be sure to read the registration instructions for active members and for retired members and then use the button below to register for MBOS. To request a Direct Deposit Enrollment Form or download the form, visit www.njdcfpaymentcenter.com. Call NJPIES Call Center for medical information related to COVID: Render decisions regarding Disability Retirement cases. document.forms[to_form].recipient.value = document.forms[from_form].recipient.value; The delegates and alternates selected from the membership of each county shall vote for the member-trustee. To be eligible for an Interfund Transfer: Additional rules and restrictions apply to Interfund Transfers. You must be an actively contributing member. Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to remove a dependent child. Some options include: Retrieving your Personal Benefits Statement Designating a Beneficiary Getting a Pension Loan Applying for Withdrawal Applying for Retirement } Set_Cookie("userProfile",searchString,expires); 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. { Current Internal Revenue Service regulations require that all loans taken have a maximum repayment schedule of five years. // var recipient = document.forms[from_form].recipient.value; function setup_Params(from_form, to_form) { msgWindow.document.write(head + body); PDF Pensions & Benefits Retirement System(PERS) Member Guidebook If you still receive your payment by mail, we encourage you to sign up for direct deposit to avoid post office delays and to get faster access to your pension benefit. 84 0 obj <> endobj PERS, TPAF, PFRS, and SPRS members must submit loan requests using the Loan Application program of the Member Benefits Online System (MBOS). 0000008158 00000 n 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. It is important that the NJDPB is notified immediately upon your return to payroll so your loan plus additional accrued interest can be recertified. When using MBOS you can determine your eligibility to borrow, the maximum amount you may borrow, and calculate various repayment options. The interest on a pension loan borrowed in 2023 has been set at 10 percent per year. The minimum amount you may borrow is $50. The user is on notice that neither the State of NJ site nor its operators review any of the services, information and/or content from anything that may be linked to the State of NJ site for any reason. Google Translate is an online service for which the user pays nothing to obtain a purported language translation. */ Fourth Quarter (October to December) 2022, More videos are available to view in our Video Library, Retirement Types, Eligibility & Calculations, Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. 0000057476 00000 n ANSWER: Yes. These names will remain active through May 31, 2023. startxref (document.getElementById || oBrowser.isIe || oBrowser.isGecko)) { Retired members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver and upload Proof of Dependency documentation. Once you apply, you will receive confirmation that your Loan Application is received along with the date your loan check will be mailed. State of NJ - Department of the Treasury - NJDPB | Member Guidebooks NJ Treasury Division of Pensions & Benefits Home Member Guidebooks Member Guidebooks Pension System Member Guidebooks Public Employees' Retirement System Member Guidebook PERS Guidebook Addenda for: Law Enforcement Officers (LEOs) Legislative Retirement System (LRS) Residents who signed up for direct deposit when applying for the ANCHOR tax relief program could see their payments as soon as Tuesday. If you have ended your New Jersey public employment, are not planning to return, and are not eligible to retire, you may withdraw your pension contributions. 0000018412 00000 n qZIA!1)r,|ltn#Wou]4sKV?N#3k,My0|V+Tt~*nG5MQi]Kq:6Ecog6OkgY`U}Oc~IjbO#_x+vH8~SBxo \`,2$ wAM )"] 7) 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. Click the "Pay my Health Benefits Bill" button to access the ePayment system. The number of loan payments and the amount of interest due is based on continuous payments. 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. 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. 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. Home | NJ Division of Pensions & Benefits - Government of New Jersey May 10, 2023 this meeting to be held at the Division of Pensions & Benefits, 1st floor board room, 50 West State St., Trenton, NJ, Danielle Schimmel, Chairperson, representing State Treasurer Elizabeth Maher Muoio, Philip Gennance, representing Acting Commissioner Marlene Caride of the Dept. Access Code: 3397842, School Employees' Health Benefits Program Plan Design Committee. 0000000016 00000 n Members without a valid board or retirement date will be instructed to apply using MBOS. 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. 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. See the Life Events below to learn more. Direct Deposit Division of Pensions and Benefits PO Box 295 Trenton, NJ 08625-0295 FC-0430-1209 STATE OF NEW JERSEY - DIVISION OF PENSIONS AND BENEFITS AUTHORIZATION FOR DIRECT DEPOSIT OF BENEFIT PAYMENT . Retirees can easily review life insurance/pension. 0000172961 00000 n Helpful video instructions on common pension functions. %%EOF State of NJ - Department of the Treasury - NJDPB | Health Benefits Paper withdrawal applications are not accepted. Nominations must be received online or arrive in the Board Office on or before 4:00 p.m. Monday, May 15, 2023. Vaccine Meeting Support 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. The New Jersey Division of Pensions & Benefits (NJDPB) welcomes the opportunity to consider your thoughts, concerns, ideas, and questions. letter with your name, address, retirement number or last four digits of your Social Security number, and the check date to the New Jersey Division of Pen-sions & Benefits, Pension Payroll Section, P.O. A State representative will be elected for a three-year term beginning July 1, 2023 and ending on June 30, 2026. The NJDPB should be notified of the death of an employee or retiree as soon as possible. 4 0 obj 0000011826 00000 n >c Dh4|ac'/2XxV8"]vph}Uh#{nn|M{~a7F_/= J0~*"I>GP4rw9@RG-: 9 Q=9g,L4eDUItpuug*'akU9d9mey\wD:!8(}5 A!Q8_\,HV o`B>?(%Z7q,uritn |N(LX|F'B*/&@8}Z)6 7~wC[ Retired members are retirees of the State of New Jersey, Local Government, and Local Education. 0000019777 00000 n // alert(document.forms["contact"].write_file.value); FAQs. 0000174054 00000 n Division of Pensions & Benefits NJDPB Pensions Health Benefits Services Publications Access MBOS Our Programs Miscellaneous Pay My Health Benefits Bill Contact Us Home Pension Information - Active Employees Public Employees' Retirement System Public Employees' Retirement System Please select the applicable accordion to see information for PERS. 0 It is IMPORTANT for the counties to continue to annually submit the names of delegates and alternates. It is important to note that by submitting a Tier-to-Tier Transfer, you waive all rights to retirement benefits under the original account. 28 . 0000174996 00000 n This is determined by the date of the loan check, not the date of the request. Members of the SHBP/SEHBP must complete a Life Event change on Benefitsolver to add or remove a dependent spouse/partner. var head = '