Most members are covered by Group Life Insurance benefits. State -Read Full Disclaimer, More videos are available to view in our Video Library, Retirement Types, Eligibility & Calculations, Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. Webinars are live, interactive web presentations hosted by GoToMeeting. All training is designed to include recent changes to administrative rules, State and federal laws. else { 12.20.22 The pension loan interest rate for calendar year 2023 has been determined to be 10 percent per year on the declining balance of the loan. Members on a leave of absence must return to active employment before they can request to purchase service credit. Upon returning to employment from a leave of absence, you may be eligible to purchase service credit . If your spouses employment status changes (e.g., starts or leaves a job), you can enroll/disenroll him or her in your health plan. You must enroll in a Flexible Spending Account (FSA) each year in order to participate. Required forms and documentation should be returned to the NJDBP immediately in order to process payments and/or provide insurance. if (document.forms[from_form]) { } 0 Find out what you need to know using our Online Retirement Guide. The member must submit a Tier-to-Tier Transfer Form. Transfer requests made via the website received and in good order on business days prior to the close of the New York Stock Exchange (4:00p.m. State Active Employees Only: Disenroll your spouse/partner from your, It is your responsibility to add a new spouse/partner to your health plan coverage within 60 days of the date of marriage or partnership. %PDF-1.5 % //--> The user is on notice that neither the State of NJ site nor its operators review any of the services, information and/or content from anything that may be linked to the State of NJ site for any reason. There will be a change in the amount deducted from your paycheck or retirement check (if self-paid) due to your coverage-level change. The administrative processing fee remains at $15.00 per loan. // var code = document.forms[from_form].affiliation_code.value; To be eligible for an Interfund Transfer: Additional rules and restrictions apply to Interfund Transfers. As the UK's biggest public service department it administers the State Pension. Site Maintained by Division of Revenue and Enterprise Services, Governor Phil Murphy Lt. Women who registered with Social Security before 1 January 1975 can claim a pension when they reach the age of 60. By declining POP you choose to pay more in taxes. Trenton, NJ 08625-0295. NJ Treasury Division of Pensions & Benefits NJDPB Pensions Health Benefits Services Publications Access MBOS Our Programs Miscellaneous Pay My Health Benefits Bill Contact Us Home Retirement Online Guide to Retirement Retirement is a big step in life. Both seminars and webinars conclude with a brief Q&A period. To withdraw, you must complete the Application for Withdrawal through MBOS. Estimates are based on your current posted salary. Local Government Call NJPIES Call Center for medical information related to COVID. } Find out more.