All contractual employees of the district must be enrolled in one of the state retirement systems - certified staff are members of the Teachers' Pension and Annuity Fund, and non-certified staff are members of the Public Employees Retirement System. Members of both funds contribute a percentage of their salaries for these benefits. Under certain circumstances per-diem substitutes may be enrolled in the Public Employees Retirement System. TPAF Member Handbook (PDF) | PERS Member Handbook (PDF)
Enrollment in the Member Benefits Online System (MBOS) is highly recommended - click here to get started: MBOS Starter Kit
The Division of Pensions and Benefits also maintains an Online Guide to Retirement at: https://www.nj.gov/treasury/pensions/documents/guidebooks/persbook.pdf
All employees of the district are eligible to enroll in 403b and 457b supplemental retirement systems offered by district approved vendors. Vendors should be contacted directly for additional information.
New Jersey Division of Pension & Benefits
609-292-7524
http://www.nj.gov/treasury/pensions/
Pension Tier:There are some differences in PERS and TPAF enrollment and retirement criteria for individuals enrolled after certain dates. To find out which Pension Tier you are in click here.
Pension Rate:
|
PENSION RATE
|
EFFECTIVE DATE
|
|
6.64%
|
7/1/12
|
|
6.78%
|
7/1/13
|
|
6.92%
|
7/1/14
|
|
7.06%
|
7/1/15
|
|
7.20%
|
7/1/16
|
|
7.34%
|
7/1/17
|
|
7.50%
|
7/1/18
|
Enrollment:
New employees who have never been enrolled in a pension system will be automatically enrolled in TPAF, PERS, or DCRP. Those who are transferring from another district within the SAME pension system, click here and submit this form to Payroll. Those who are switching pension systems must fill out an interfund transfer form.
Automated Information System:
The NEW Automated Information System provides you with more information than ever before. In addition to getting information about your account, you can now process requests such as applying for a pension loan, getting a retirement estimate, changing your retired tax withholding amounts, or requesting letters such as a statement of account and mortgage verification information - all right over the phone! Read more about it HERE.
Available 24 Hours A Day/7 Days A Week - (609) 777-1777
Retirement Planning:
Online Guides To Retirement - featuring online videos! NEW!
For PERS or TPAF Members | PFRS Members
Save time, travel, and find out everything you need to know about retirement.
Retirement Made Easy!- publications, forms, and links about retirement.
Get an Estimate of Your Retirement Benefits!