Some retirees choose
to waive a portion or all of their retirement allowance in order
to become eligible for low-income benefits or housing. In order
to waive retirement benefits, the retiree completes and signs
a form indicating the amount he or she wishes to be waived.
This waiver form is
available by contacting the Division of Pensions and Benefits,
PO Box 295, Trenton, NJ 08625-0295
In the event that the
minimum earnings threshold increases, the retiree can request
that a lesser amount or no amount of the retirement allowance
be waived for future retirement checks.
Faxed requests are not
acceptable to initiate or discontinue a waiver of retirement benefits.
If a retiree waives
a portion or all of his or her retirement allowance, the portion
waived can never be recouped by the retiree, a beneficiary, or
the retiree's estate.
Note: The gross monthly pension (before the portion waived is applied) is the amount used to determine Medicaid eligibility.