Plan Overview
The Police and Firemen's Retirement System is a defined benefit plan where retirement benefit is based on a formula.
Eligibility
- Permanent, full-time law enforcement officers in an eligible PFRS job title who meet the age and medical criteria for membership
- Employees holding "F" or "J" visas are not eligible to enroll.
Employee Contribution: 10% of base salary made on a pretax basis
Employer Contribution: Determined annually by the state
Vesting: 10 Years
How to Enroll
- Complete a PFRS Enrollment Application, Report of Examining Physician, and Proof of Age Documentation
- Please return the completed forms to the OneSource Service Center
- Online Pension Loan Application
Voluntary Tax Deferred Savings Plans
You may supplement your retirement savings by participating in:
- Additional Contributions Tax-Sheltered Programs (ACTS)
- Supplemental Annuity Collective Trust (SACT)
- NJ State Employees' Deferred Compensation Plan (NJSEDCP)
Types of Retirement
- Service
- Special
- Deferred
- Ordinary Disability
- Special Disability
- Involuntary Ordinary Disability
- Accidental Disability
Please refer to the PFRS Membership Tier Chart for eligibility criteria.
Ordinary Disability Retirement
- Eligibility Requirement
Four or more years of pension-credited service. You must also be a member in service at the time application is filed and be permanently incapacitated from further employment in your job title - Benefit Calculation
40% of Final Compensation or 1.5% of the Final Average Salary for each year of service, whichever is higher
Retirement Process
Request a Retirement Estimate
- You may request a Retirement Estimate up to 24 months prior to retirement
- Complete a Request for Retirement Estimate form and return it to the state
- Also available via Member Benefits Online System (MBOS)
How to Apply for Retirement
- Complete an Application for Retirement Allowance via Member Benefits Online System (MBOS)
- Send a copy of the Summary of Retirement Application Information to OneSource
- Applications can also be submitted online via Member Benefits Online System (MBOS)