Table of Contents

THE RETIREMENT SYSTEM 

MEMBERSHIP

Eligibility

ENROLLMENT 

Enrollment/Certification of Payroll Deductions

Proof of Age

Contribution Rate

BENEFITS FROM OTHER SYSTEMS

SERVICE CREDIT

CREDIT FOR MILITARY SERVICE AFTER ENROLLMENT

PURCHASING SERVICE CREDIT TO ENHANCE YOUR RETIREMENT BENEFIT

TYPES OF SERVICE ELIGIBLE FOR PURCHASE

Partial Purchases

COST AND PROCEDURES FOR PURCHASING SERVICE CREDIT

Purchase Rate Chart

LOANS

  Service Credit

  Loan Amount

  Loan Repayment

  Interest

  Number of Loans Per Year

  Return to Payroll

  For Loans Made Prior to January, 2002

  For Loans Made After to January, 2002

Internal Revenue Service (IRS) Requirements

SUPPLEMENTING YOUR PENSION

NJ State Deferred Compensation Plan

Supplemental Annuity Collective Trust (SACT)

Group Variable Universal Life Insurance Investment Options

RETIREMENT

Types of Retirement

Definitions

Service Retirement

Service Retirement with Only Judicial Service

Service Retirement with Judicial Service and Non-Judicial Service

Early Retirement

Deferred Retirement

  Life Insurance

  Health Benefits

  Loans

  Purchase Arrears

Disability Retirement

OPTIONAL SETTLEMENTS AT RETIREMENT

Maximum Option

Options other than the Maximum

  Option A

  Option B

  Option C

  Option D

  Option 1

  Option 2

  Option 3

  Option 4

Age Limits on Non-spouse Beneficiaries

APPLYING FOR RETIREMENT

State Health Benefits Program Coverage at Retirement

Unsatisfied Balances

Loans

Purchase Arrears

Shortages

Retirement Checks

Change of Address

Direct Deposit

Cost-Of-Living Adjustment

Federal Income Tax after Retirement

NJ State Income Tax after Retirement

Withholding Federal and NJ State Income Tax

Social Security

YOUR RETIREMENT CHECKLIST

6-8 Months Before Retirement

3-4 Months Before Retirement

Approximately 2 Months Before Retirement

Approximately  Month Before Retirement

Shortly After Your Retirement Date

REDUCTION OR SUSPENSION OF YOUR RETIREMENT BENEFITS

EMPLOYMENT AFTER RETIREMENT

Disability Retirees Restored to Active Service

ACTIVE AND RETIRED STATUTORY DEATH BENEFIT

Payment of Statutory Death Benefit

  Surviving Spouse

  Child

  Parent(s)

  Final Salary

Active Members

Retired Members

Continuation of State Health Benefits Program Coverage

GROUP LIFE INSURANCE

CONTRIBUTORY GROUP LIFE INSURANCE

Added Benefits of the GVUL

Enrollment in Contributory Group Life Insurance

Evidence of Good Health

Contributory Group Life Insurance Coverage at Retirement or Termination of Employment

For More Information About the Contributory Group Life Insurance Plans

NONCONTRIBUTORY GROUP LIFE INSURANCE

Noncontributory Group Life Insurance Coverage for Active Members

Noncontributory Group Life Insurance Coverage for Retired Members

  Service and Early Retirees

  Deferred Retirees

  Disability Retirees

Choosing a Beneficiary

Payment of Noncontributory Group Life Insurance

Noncontributory Group Life Insurance and Leave of Absence

Taxation of Group Life Insurance Benefits

CONVERSION OF GROUP LIFE INSURANCE

Conversion: Retirement

Service or Early Retirement

Deferred Retirement

Disability Retirement

Conversion: Termination of Employment or Leave of Absence

WITHDRAWAL FROM THE PENSION FUND

When Membership Ends

Withdrawing Contributions

APPEALS 

PLAN INFORMATION

Name of Plan

Administration

Provisions of Law

Funding

Plan Year

Service of Legal Process

Employment Rights Not Implied

CONTACTING THE ADMINISTRATIVE OFFICE OF THE COURTS AND THE DIVISION OF PENSIONS AND BENEFITS

Telephone Numbers

Mailing Address

Counseling Services

Internet and E-mail

DIRECTIONS TO THE DIVISION OF PENSIONS AND BENEFITS

From Northeast New Jersey via the NJ Turnpike

From Northeast New Jersey via Route 1

From Northwest New Jersey

From Southern New Jersey

From the New Jersey Shore

Evaluation Form


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