Retirement Services and Resources
Retirement planning can be daunting, and in order to alleviate the uncertainty and stress and make the best personal decisions at the right time, NJPSA members can count on the expertise of the Retirement and Benefits Department to provide a clear understanding of the complex elements of the New Jersey public pension system. The department will also communicate to members the ramifications of recent changes to the pension system for public employees.
NJPSA is unique among the state principal and supervisor associations in the United States because of our retirement planning services. Members can call the NJPSA office to schedule an appointment for a one-on-one consultation with Bob Murphy, Director of Retirement and Benefit Services, to help you plan for your future or prepare for retirement within the year. In-district consultations can also be arranged for a group of three or more, and retirement workshops are held periodically at the FEA Conference Center and other locations to provide members with comprehensive information regarding the retirement allowance, pension options, survivor benefits, taxation of benefits, insurance, health benefits, and employment after retirement. NJPSA members are eligible to receive a retirement planning portfolio that includes a personalized estimate of the retirement allowance and a complete set of retirement planning materials.
Take a moment to peruse the materials on this web page and feel free to give us a call anytime. We are here to help you!
Bob Murphy, Director of Retire Services will be presenting four very helpful seminars this summer at the FEA Conference Center to help you understand, plan, and enjoy your retirement. Read all the details below and register today!
Retired and Lovin’ It! – A Seminar for Retirees
Presented by Bob Murphy, Director of Retirement Services
10 am to noon
at the FEA Conference, 12 Centre Drive, Monroe, NJ 08831
Retired and Lovin’ It, but you still have some questions moving forward about MBOS, Social Security, and Medicare and working (but not too much). NJPSA has not forgotten about our retired members, and this seminar is designed to help answer your questions and provide you with all the information you need.
Planning for the Future
Presented by Bob Murphy, Director of retirement Services; Mark MacDonald, Advanced Wealth preservation; and Paul Rothman, Financial Management Corp.
1 pm to 2:30 pm
at the FEA Conference center, 12 Centre Drive, Monroe, NJ 08831
This workshop is not a program on your pension, but will address a number of the concerns requested by our members as you “Plan for the Future” beyond the school house walls.
TPAF Pension/Retirement Seminar
“Understand Your Benefits in Retirement”
Presented by Bob Murphy, Director of Retirement Services, and Mark MacDonald, Advanced Wealth Preservation
9 am to 11:30 am
at the FEA Conference center
12 Centre Drive, Monroe, NJ 08831
This seminar will address:
The five Retirement Tiers
The retirement application process and nine pension options
Health Benefits and Medicare
Employment after Retirement
You are encouraged to bring your general questions, and you will leave with a better understanding of your benefits in retirement. You should also be enrolled in the Pension MBOS (Member Benefit Online System) and plan to bring your Member Benefit Statement with you to the Workshop. Enrollment is limited and is open to NJPSA members only due to the anticipated large number of attendees. (Please no spouses or guests – they can be accommodated at our individual consultation sessions.)
TPAF/DCRP Pension/Retirement Seminar
Understanding Your Pension and the DCRP for Tier 2-5 TPAF Members
Presented by Bob Murphy, Director of Retirement Services, and Stan Rovinski, Prudential
Noon to 2 pm Lunch and Learn
at the FEA Conference Center, 12 Centre Drive, Monroe, NJ 08831
Open for Tier 2-5 members of the TPAF and is designed to help you understand the Pensionable Cap to your salary and how your TPAF pension works with the mandated DCRP contribution.
Retirement Survival Guide
For your convenience, Bob Murphy has put together a survivor’s guide of items that will be helpful as you prepare for your retirement. The materials in this guide include fact sheets, TPAF Life Insurance information, a list of vital documents you will need, and other important information that will help you and your family.
If you have questions about your upcoming retirement, you may find the answers in one of these PowerPoints, developed by Bob Murphy for his retirement presentations to NJPSA members.
Additional Helpful Resources
Below are links to government and health care websites that you may find useful during and as you plan for your retirement: