The Division of Pensions & Benefits is continuously striving to provide the best possible service in the safest manner possible during this public health crisis. Please see Important COVID-19 Information for changes in service and other important COVID-19 related notices.
In order for a new public employer to participate in the public retirement systems administered by the NJDPB, the employer must first be included in the State of New Jersey's agreement with the Social Security Administration.
The following are the required steps that new public employers must take to be included under the State of New Jersey — Social Security Administration Agreement, and ultimately to become a participating employer in our retirement systems.
Because there are many steps involved in the approval process, several of which are outside the purview of the NJDPB, the process may take several months to complete. During that time, eligible employees of the new employer must wait to be enrolled. Once the approval process is complete, the employer will receive certifications to withhold back deductions of pension contributions for each eligible employee retroactive to their eligibility date.
The NJDPB does not promote the withholding of pension contributions from employees before a certification is issued and cannot accept pension contributions withheld by the employer in an effort to avoid a hardship resulting from back deductions.
Members of the PFRS may be eligible for a homeowner's mortgage under the PFRS Mortgage Loan Program. To qualify, a member must be actively employed in a PFRS-eligible title, with at least one year of creditable service. Funding for this program is provided by the PFRS, but it is administered by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). The PFRS Mortgage Loan Program is administered through private area lenders approved by the NJHMFA.
Details about the PFRS Mortgage Loan Program include:
For more information, including a listing of participating area lenders, members can call the NJHMFA hotline at 1-800-NJ-HOUSE; or members can visit the NJHMFA website at ww.nj-hmfa.com
If a member is interested in applying for a mortgage under this program, they should be sure to read the NOTICE TO APPLICANTS on the NJHMFA website www.nj-hmfa.com concerning mortgages issued under this program and taxable distributions.
Note: The Long Term Care Insurance Plan was closed to new members as of August 1, 2012. The program is only available for members enrolled prior to this date who continue to pay required premiums.
Payment of Premiums
In the case of most active State employees and employees of the State's colleges and universities, the employer deducts the premiums from the employee's paycheck. Employees are only permitted to authorize payroll deductions for themselves and their spouses. All other enrolled individuals are offered direct home billing arrangements.
Information for members enrolled prior to the closing to the program should click here for details: The NJDPB Long Term Care Information Page
The New Jersey State Employees Commuter Tax Saving Program (Commuter Tax$ave) is a benefit program authorized by P.L. 2001, c. 162 (Chapter 162) and available under Section 132(f) of the federal Internal Revenue Code.
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