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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.
Eligibility
- Regularly appointed full- and part-time staff meeting the eligibility criteria determined by the state (Type 1 employees) who are not eligible for the ABP
- Casual or temporary employees hired at least 12 months meeting the eligible criteria determined by the state (Type 4 employees)
- Coadjutant staff at the beginning of their third consecutive semester (Type 7 employees)
- Employees holding "F" or "J" visas are not eligible to enroll.
Employee Contribution
5.5% 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
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
How to Retire
- Complete an Application for Retirement
(Available from the state or University Human Resources) - Mail the original to the state and send a copy to University Human Resources
Retirement Seminar
Six months prior to retirement, attend a retirement seminar. You can enroll online, then select the "Benefits Seminar" option.
Retirement Checklist
Service Retirement
Eligibility Requirement:
Age 60 or older, no minimum years of service required
Benefit Calculation:
Years and months of service divided by 55, multiplied by Final Average Salary*
*Final Average Salary means the average of the three highest fiscal years of base salary
Ordinary Disability Retirement
Eligibility Requirement:
- 10 or more years of NJ State pension-credited service
- Must be permanently incapacitated from further employment in the member's job title
Benefit Calculation:
43.6% of Final Average Salary or 1.64% of the Final Average Salary for each year of service, whichever is higher
How to Apply for Disability Retirement
Complete and submit an Application for Disability Retirement
| Resources to Help You | |
| Benefits Specialists | 732-932-3020, ext 4077 |
| Division of Pensions and Benefits | |
| Loan Application (PDF) | |
| Service Purchase Kit (PDF) | |
| Purchasing Service Credit FAQs | |
| PERS Member Handbook (PDF) | |
| Application for Withdrawal (PDF) | |
| Retirement Planning FAQs |
