State of New Jersey Department of the Treasury Division of Pensions and Benefits

Who's on the Board of Trustees? When do they meet?

Some frequently asked questions.

• What will my benefits be when I retire?
• What happens if I die?
• What happens if I get a divorce?
• What happens if my job is abolished or I get terminated? How long must I wait before I get my contributions back? What are the tax implications, if any?
• Can I get another job if I retire?
• What if I get hurt on the job or become disabled?
• Can I convert my group life insurance when I leave?
• Since my employer-paid life insurance is a taxable benefit, what if I choose not to be insured?
• Can I buy-back the time I spent on my old job? How much is it going to cost? What about time spent on a leave of absence?
• How long does it take to process my retirement application?What's involved?
• Is my pension taxable?
• Do I get any benefit for being a veteran?
• I was just awarded "back pay", will this be reflected in my pension?
• Will my pension keep up with the cost of living?

What's new

If you are considering retirement within the next two years and would like an estimate of your retirement benefit, call 609-777-1777, choose option 3 (enter "3") and follow the prompts.

Administration manual for PERS employers.

For individual account information

URL: http://www.state.nj.us/treasury/pensions/pers1a.htm
February 26, 2001

NJ Division of Pensions and Benefits
PO Box 295, Trenton NJ 08625-0295
Telephone: (609) 292-7524

Questions or comments, e-mail Division of Pensions and Benefits