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Public Employees' Retirement System (PERS)
Type of Plan
PERS is a defined benefit plan where retirement benefit is based on a formula and guaranteed by the state.
Membership Tiers and Eligibility
The passage of Chapters 92 and 103, P.L. 2007, Chapter 89, P.L. 2008 and Chapter 2, P.L. 2010, changed the enrollment and retirement criteria for PERS members enrolled as of certain dates. These differences in PERS membership - referred to as "membership tiers". Please refer to the PERS Membership Tier Chart for additional information.
Employee Contribution
6.5% of salary made on a pretax basis.
Employer Contribution
Determined annually by the state
How to Enroll
- Complete a PERS Application
- Forward the completed application to the person in your office who processes payroll. Newark and Camden employees can contact their campus human resources office.
Vesting
10 years
Types of Retirement
Service, Early, Veteran, Deferred, Ordinary Disability, Accidental Disability
Please refer to the PERS Membership Tier Chart for eligibility criteria
Request a Retirement Estimate
- Available up to 24 months prior to retirement
- Complete a Request for Retirement Estimate Form and return it to the Division of Pensions and Benefits, or telephone 609-292-7524
- Available via MBOS
How to Retire
- Complete an Application for Retirement (Also available from The NJ Division of Pensions and Benefits
- Mail the original to the state and send a copy to University Human Resources
- Applications can also be submitted online via MBOS
Retirement Seminar
Six months prior to retirement, attend a retirement seminar. You can enroll online, then select the "Benefits Seminar" option.
Retirement Checklist
Voluntary Tax Deferred Savings Plans
You may supplement your retirement savings by participating in voluntary savings plans.
