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Pension & Health Benefits
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Pension Systems
There are currently seven pension funds administered by the State of New Jersey. Most are a defined contribution plan in which the employee contributes a fixed percentage of their salary while the employer contributions are based on actuary reports. The three main pension funds available to local municipal employees are Police and Fire Retirement System; Public Employee Retirement System and Defined Contribution Retirement Program.
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Health Benefits
Information on the Health Benefits program administered by the NJ Division of Pension & Benefits.
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Lori Buckelew
Deputy Executive Director/Dir. of Gov't Affairs
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SHBP Municipalities: Please Continue to Reach Out to Governor & Your Legislators
The New Year has come and the 379 municipalities participating in the State Health Benefits system, their employees, and ultimately their taxpayers, will still have to fund a 22% increase in health benefits costs, unless an immediate solution is reached. Read on... -
State Extends Horizon Blue Cross Blue Shield Insurance
New Jersey extended its health benefits contract with Horizon Blue Cross Blue Shield for another year, media outlets report. This occurred after state officials alleged the health insurer failed to meet the terms of the deal. Read on... -
SHBP Update: No Relief In New Year
On Friday, Dec. 30, the Joint Budget Oversight Committee (JBOC) met to consider items including the transfer of Federal Coronavirus State Fiscal Recovery Funds. Read on...
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