Can I assign my life insurance?

Yes, call the Division of Pensions and Benefits at 609-292-7524 and request them to mail you a Life Insurance Policy Assignment form.

Can I convert my life insurance?

Yes, you can convert your life insurance. You can either call Prudential at 877-889-2070 or use the online Life Insurance Conversion Calculator.

Does my life insurance continue into retirement?

Members of PERS or PFRS continue a reduced amount of life insurance into retirement if they retired with 10 or more years of pension membership credit or if they retired on a disability retirement. PERS retirees receive 3/16 times last 12 month’s salary.  PFRS retirees  receive ½ of Final Compensation. Members of ABP continue life insurance equal to one half times last 12 month’s salary, if they retired with 10 or more years of pension credited service at age 60 or above.  Members of DCRP continue a reduced amount of life insurance into retirement if they retired on or after age 60 with 10 or more years of pension membership credit or at any age with 25 years of participation in the DCRP. DCRP retirees receive 3/16 of the annual base salary on which DCRP contributions were made. 

How can I change my life insurance beneficiary?

Alternate Benefit Program (ABP) members must complete the Designation of Beneficiary form and return it to:

Division of Pensions and Benefits, Beneficiary Services
P.O. Box 295
Trenton, NJ 08625-0295.

Public Employees Retirement System (PERS) and Police and Firemen's Retirement System (PFRS) members who wish to verify, update, or change their beneficiary information must use the online Designation of Beneficiary Application available through the Member Benefits Online System (MBOS).

How can I tell who my beneficiary is?

You can send a written request to the State asking for a copy of your beneficiary disclosure.  Send requests to:

Division of Pensions and Benefits, Beneficiary Services
P.O. Box 295
Trenton, NJ 08625-0295  

UHR does not have beneficiary information.

How often can I change my beneficiary?

You may change your beneficiary as often as you like.  Every time a Designation of Beneficiary form is received it replaces what was on file with the Division of Pensions and Benefits.

If I have more than one beneficiary, can I designate different percentages to each?

Yes, you should indicate percentage assignments clearly in the space provided on the Designation of Beneficiary form.  If you do not indicate percentages, the beneficiaries living at the time of your death will share equally in the distribution of death benefits.