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!

Calculate my Social Security

Retiree’s – 2017 Changes for State Dental, State Income Tax and SS/Medicare

 

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 – July 31 at 10 am

Planning for the Future – July 31 at 1 pm

TPAF Pension/Retirement Seminar – August 1 at 9 am

TPAF/DCRP Pension/Retirement Seminar – August 1 at noon

 

Retired and Lovin’ It! – A Seminar for Retirees

Presented by Bob Murphy, Director of Retirement Services

Registration: Free

July 31, 2018

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.

Registration: Free

July 31, 2018

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

August 1, 2018

9 am to 11:30 am

at the FEA Conference center

12 Centre Drive, Monroe, NJ 08831

Whether your retirement date is within a year or further down the road, this seminar is designed to help you better understand your Pension, the changes in the Retirement Tiers, Chapter 78 and how they may impact you.

This seminar will address:

  • The five Retirement Tiers
  • The retirement application process and nine pension options
  • Health Benefits and Medicare
  • Social Security 
  • 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

Registration: Free

August 1, 2018

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.

Death Notification Checklist

Health Benefits Fact Sheet

Life-TPAF Certificate of Insurance

Location of Vital Documents

Location of Vital Documents 2

Location of Vital Documents 3

Monthly Budget

Organizations You or Your Spouse Wish to be Notified

Record of Benefits in Case of Death

Reporting of a Death Fact Sheet

Survivor Information

 

Retirement Webinars

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.

Retirement Planning

Retirement Health Benefits

Employment After Retirement

 

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:

Division of Pensions

Horizon Blue Cross/Blue Shield

Aetna and Aetna Dental

Social Security

Medicare

OPTUMRx

Internal Revenue Service