'); The NJSEDCP, also called Deferred Comp, is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. 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. Google Translate is an online service for which the user pays nothing to obtain a purported language translation. For complete information about pension loans, see our Loans fact sheet or our Pension Loans page. document.forms[to_form].allow_anonymous.value = document.forms[from_form].allow_anonymous.value; For additional questions, please contact your MassMutual Financial Professional** or call Customer Service at 1-800-842-9406. 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. hb```c``a 3T, blP9PZ!|F 4: 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. To be eligible for an Interfund Transfer: Additional rules and restrictions apply to Interfund Transfers. State Of Nj Pensions And Benefits Division. Division of Pensions and Pensions and Benefits PO Box 295 Trenton, NJ 08625-0295 Be sure to include your membership number or Social Security number and daytime telephone number on all cor-resspondence. 50 W STATE ST Trenton, New Jersey, 08608 . ** MassMutual Financial Professionals are registered representatives of MML Investors Services, LLC ("MMLIS") an affiliate of Massachusetts Mutual Life Insurance Company ("MassMutual"), a Massachusetts life insurance company. The New Jersey Division of Pensions & Benefits (NJDPB) welcomes the opportunity to consider your thoughts, concerns, ideas, and questions. Number of employees at Division Of Pensions And Benefits in year 2016 was 327. Horizon MyWay FSA Enrollment Form or enroll online. 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. Contact Information Mailing Address P.O. document.forms[to_form].required.value = document.forms[from_form].required.value; Visit: covid19.nj.gov Call NJPIES Call Center for medical information related to COVID: 800-962-1253 erdot; 12.20.22 The pension loan interest rate for calendar year 2023 has been determined to be 10 percent per year on the declining balance of the loan. // var write_file_value = document.forms[from_form].write_file.value; For information on these pension systems, . This coverage is guaranteed renewable; as long as the premiums are paid on time and benefits are not exhausted, coverage will remain in place, although premiums may change subject to regulatory review. The Department for Work and Pensions (DWP) is responsible for welfare, pensions and child maintenance policy. You can enroll on Commuter Tax$ave or by calling Edenred at 1-866-512-8769. } Our records show it was established in New Jersey. Members can also mail a Change of Address Form to: New Jersey Division of Pensions & Benefits, Attention: Health Benefits P.O. document.forms[to_form].affiliation_code.value = document.forms[from_form].affiliation_code.value; You can view, change, or update your Designation of Beneficiary through MBOS. 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. Average annual salary was $57,589 and median salary was $58,645. For specific information on ACTS providers and investments, contact the providers directly. Welcome to New Jersey Division of Pensions and Benefits Please enter your Username and Password. 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. Looking for health benefits? 10.14.22 Fiscal Year 2023 Local Employer Billing and FY 2022/2023 comparisons are now posted for the Public Employees' Retirement System and Police and Firemen's Retirement System. This guide will help you get information and make informed decisions about your retirement. Click here to find arepresentative assigned to your campus. Active Employees Noncontributory Group Life Insurance is provided by the employer through the retirement system. Need to change your name or address? var styleStr = 'toolbar=no,location=no,directories=no,status=no,menubar=no,scrollbar=no,resizable=no,copyhistory=yes,width='+width+',height='+height+',left='+left+',top='+top+',screenX='+left+',screenY='+top; STATE OF NJ PENSIONS AND BENEFITS DIVISION in Trenton is a company that specializes in General Government, Nec. var body = ''+msg+'

'; You choose from six carriers who offer a selection of investment choices to meet your needs and goals of retirement planning. ABP provides retirement benefits, life Insurance, and disability coverage, which can help provide security in retirement. Webinars are live, interactive web presentations hosted by GoToMeeting. //if cookies are not enabled on client's browser Instructions. Required forms and documentation should be returned to the NJDBP immediately in order to process payments and/or provide insurance. You must enroll your child within 60 days of the date of the qualifying event. The Long-term Care Insurance Plan is administered for the State of New Jersey by the Empower Insurance Company of America. Access Your Account } } Retirees and COBRA recipients must submit an application to change status to the NJDPB. 0 -Read Full Disclaimer. } Active Employees are employees of the State of New Jersey, Local Government, and Local Education. The program consists of two separate plans: the SACT-Regular Plan and the SACT-Tax-Sheltered Plan. function setup_Params(from_form, to_form) { } } The interest rate is determined using the Prime Rate (7.5 percent) plus 2.5 percent. Most members are covered by Group Life Insurance benefits. function messageWindow(title, msg) Find out more. Add a family member to your benefits? Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. The member must submit a Tier-to-Tier Transfer Form. All retirees who have worked for local, state, or federal government are entitled to certain health benefits. 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. Call NJPIES Call Center for medical information related to COVID. Call NJPIES Call Center for medical information related to COVID: Aetna Medicare Advantage PPO or HMO for SHBP Members (State and Local Government): Aetna Medicare Advantage PPO or HMO for SEHBP Members (Education). if (searchString.length > 0) Set_Cookie("userProfile",searchString,expires); You can also update beneficiary information by submitting a Designation of Beneficiary form. Phone Number (609) 292-7524 Call Now! Direct deposits are normally scheduled on the first day of the month, unless the first falls on a Saturday, Sunday, or State holiday, when they are deposited on the prior business day. 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. The New Jersey State Employees Commuter Tax Savings Program, Commuter Tax$ave, lets you set aside before-tax dollars to pay for mass transit and commuter parking expenses, so you can avoid federal taxes and save money. For more information about an particular plan, select a link or call the plan's member services number to speak with a plan representative. if (document.forms[from_form].write_file) {