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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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Assembly Committee to Consider 20 and Out Legislation
On Monday the Assembly State and Local Government Committee will be considering A-4498, which provides PFRS members a retirement allowance after 20 years of services regardless of age. Read on... -
Local Government Employer Group Mid-Year Experience Analysis
At the March 8, State Health Benefits Commission (SHBC) meeting, AON, the actuary for the SHBC provided the commission members a mid-year performance overview of the plan. Read on... -
Division Issues Guidance on Cap Relief & Opioid Settlement
The Division of Local Government Services issued Local Finance Notice 2023-04 announcing one-time exemptions to appropriation increases in excess of 3.5% for the CY2023/SFY2024 budget and guidance on usage and reporting Opioid Settlement Funds. Read on...
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