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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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Subscribe to Pension & Benefits News Flash
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Plan Design Committee Holds Regular May Meeting
The State Health Benefits Program Plan Design Committee (PDC) met on Wednesday and discussed contributions, costs, and other items. Read on... -
Governor Conditionally Vetoes 20 and Out Legislation
Governor Murphy conditionally vetoed legislation that would permit police and fire employees to retire after 20 years of service, regardless of age, with a retirement benefit of 50% of final compensation. Read on... -
New Law Requires DEP Post Water Purveyor Information Online
A new law signed this week by Governor Murphy requires the DEP to publish on its website each mitigation plan, annual certification, and asset management plan report submitted by water purveyors under the Water Quality Accountability Act. Read on...
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