For members (all Retirees and some Active) in the School Employees health Plan and who get their prescriptions through the State plan, you should have been notified of a change in the management provider […]
Division of Pensions Issues Clarification on Employment After Retirement
The Teacher's Pension and Annuity Fund (TPAF) Retirement Application now includes a clarification on "Employment After Retirement" in the Terms and Conditions For Retirement. This notice clarifies the "Bona Fide 30 day break in […]
Want Details on the Report of the NJ Pension & Health Benefit Study Commission?
NJPSA Director of Retirement Services, Robert Murphy, provided analysis on the recent report released by the New Jersey Pension and Health Benefit Study Commission, A Roadmap to Resolution: Report of the New Jersey Pension and […]
SOCIAL SECURITY AND MEDICARE CHANGES FOR 2015 – For active and retired members
There are a number of changes that go into effect for 2015 regarding Social Security, Social Security Taxes and Medicare. The maximum earnings on which you pay Social Security taxes in 2015 is $118,500 […]
Retiree’s New Year Checklist
As you ring in the New Year, it is a good time to prepare for any changes impacting your retirement income. Do you need to adjust your tax withholding for federal and state taxes? […]
NJ Pension Fund Continues to Show Solid Double-Digit Returns
With all of the negative pension news coming out of Trenton, it is refreshing to hear that the returns on our investment have been doing very well! According to a recent report by the […]
School Employee Health Benefit Commission approves 2015 Rate Increases
On July 17th the SEHBP Commission met to review and approve the Rate renewal recommendations made by Aon Hewitt. On average the SEHBP increase for Active members will be 10%. This increase reflects the […]
New Pension loan Regulations – To meet Internal Revenue Code Compliance.
Fact Sheet #81 outlines the revised Pension loan regulations in order to be in compliance with IRS Code. The maximum pension loan amount one can borrow is up to half what you have contributed and […]
Positive Changes for Women’s Health Care – Chapter 196, P.L. 2013
This law was approved on January 17, 2014 and becomes effective on May 1, 2014. It applies to all contracts and policies that are delivered, issued, executed, or renewed or approved for issuance […]
July 1, 2014 Pension Rate and Health Benefit Contribution Increase
July 1, 2014 – Pension Rate and Health Benefit Contributions Increase! On July 1, 2014 your Pension contribution increases from 6.78% to 6.92%. This is the fourth year of a seven year increase […]