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Other
State Administered Retirement Systems
The
Consolidated Police and Firemen's Pension Fund
(CPFPF) is a defined benefit pension fund established in 1952 to replace,
on an actuarial basis, 212 local police and firemen pension funds. The CPFPF membership
is limited to policemen and firemen appointed prior to July 1, 1944. The liabilities
of these local funds were shared, two-thirds by the participating municipalities
and one-third by the state. The CPFPF Board of Trustees has the responsibility
for the proper administration of the retirement system. There are no active members
of CPFPF—new employees are enrolled in PFRS. All retiree account records
in CPFPF begin with the number "05".
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The
Prison Officers' Pension Fund (POPF)
is a defined benefit pension fund established in 1941. The POPF was not maintained
on an actuarial reserve basis and was closed to new employees as of January 1960.
New employees are enrolled in the Police and Firemen's Retirement System. The
Division of Pensions and Benefits has the responsibility for the proper administration
of the retirement system. All retiree account records in POPF begin with the number
"04 ".
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The
Central Pension Fund (CPF) consists
of the administration of a series of noncontributory pension acts. These include
Heath Act pensions for State employees, Veterans Act pensioners, Noncontributory
Pensions for certain employees, Annuity for Widows of Governors, and special pensions.
No reserves are established for the payment of retirement benefits. These benefits
are administered by the Division in accordance with the governing statute and
the rules and regulations of the State House Commission. All retiree account records
in CPF begin with the number "07".
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Consolidated Police and Firemen's Retirement Fund
(CPFPF) Benefits
The surviving widow or widower of a retired member will be paid an annual pension
equal to 50 percent of the member's average salary, plus 15 percent of average
salary for one child, 25 percent for two or more children. If there is no widow
or widower, or if the widow or widower dies or remarries, leaving children of
the member, a pension will be paid to such children at the rate of 50 percent
of average salary to three or more children; 35 percent to two children; and 20
percent to one child. "Children"
means a deceased member's unmarried children under age 18, or of any age who,
at the time of the member's death, are disabled because of mental retardation
or physical incapacity, are unable to do any gainful employment because of the
impairment, and the impairment has lasted or can be expected to last for a continuous
period of not less than 12 months, as affirmed by the physicians of the fund. When
a retired member dies, the named beneficiary may be entitled to:
- The accrued retirement allowance, which reflects
all monthly benefits due the retiree but which the retiree was unable to collect,
including the month in which the member died;
- The
payment of any survivor benefits.
Any
pension checks that were sent to the retiree that remain uncashed at the time
of death must be returned. If the pension check is cashed, reimbursement must
be made. A new check, if payable, will be issued to the last designated beneficiary
on record.
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Prison
Officers' Pension Fund (POPF) Benefits The
surviving widow or widower of a retired member will be paid an annual pension
equal to 25 percent of the member's average salary, plus 15 percent of average
salary for one child, 25 percent for two or more children. If there is no widow
or widower, or if the widow or widower dies or remarries leaving children of the
member, a pension will be paid to such children at the rate of 50 percent of average
salary to three or more children; 35 percent to two children; and 20 percent to
one child.
"Children"
means a deceased member's unmarried children under age 18 or of any age who, at
the time of the member's death, are disabled because of mental retardation or
physical incapacity, are unable to do any gainful employment because of the impairment,
and the impairment has lasted or can be expected to last for a continuous period
of not less than 12 months, as affirmed by the physicians of the fund.
When
a retired member dies, the named beneficiary may be entitled to:
The accrued retirement allowance, which reflects
all monthly benefits due the retiree but which the retiree was unable to collect;
The
payment of any survivor benefits.
There is NO last check benefit payable under the POPF.
Any
pension checks that were sent to the retiree that remain uncashed at the time
of death must be returned. If the pension check is cashed, reimbursement must
be made. A new check, if later determined to be payable, will be issued to the last designated beneficiary
on record.
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Workers' Compensation Judges Part of the PERS
In accordance with Chapter 92, P.L. 2007, the Workers' Compensation Judges (WCJ) Part of the Public Employees' Retirement System (PERS) was closed to new membership, effective June 8, 2007. Members who were enrolled in the WCJ Part of the PERS (those employed by the Division of Workers' Compensation
of the Department of Labor as Workers' Compensation Judges, see titles listed ) prior to June 8, 2007 will continue to be offered special retirement benefits through their membership in the WCJ Part of the PERS.
The titles that were eligible for membership in the Workers' Compensation Judges
Part of the PERS prior to June 8, 2007 include:
- Chief Judge
- Administrative Supervisory
Judge
- Supervisory Judge
- Judge of Compensation
Members holding any of the above titles
at Division of Workers' Compensation of the Department
of Labor prior to June 8, 2007 will remain in the WCJ Part of the PERS; they retain many PERS benefits, including those in the
areas of retirement options, disability retirement qualifications
and benefits, and contributory life insurance coverage; however, other benefits
are similar to those of the Judicial Retirement
System. Members of the Workers' Compensation Judges Part of the
PERS must retire on the first of the calendar month after
reaching the age of 70 (with one exception, see below), while other
members of the PERS do not have a mandatory retirement age.
The PERS
Workers' Compensation Judges Addendum provides information about membership and benefits specific for
PERS Workers' Compensation Judges Part members.
Those with no existing PERS account who are appointed to a Workers' Compensation Judge position on or after June 8, 2007 will be enrolled in the Deferred Compensation Retirement Program, or DCRP, established under Chapter 92, P.L. 2007. The DCRP will be administered for the Division of Pensions and Benefits by Prudential.
A member enrolled in the PERS prior to July 1, 2007 who is appointed as a Workers’ Compensation Judge on or after July 1, 2007, will remain a regular PERS member while serving as a Workers’ Compensation Judge.
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