Pension and Benefit Changes


Pension and Benefit Changes

As most of you know, Governor Christie signed Chapter 78, P.L. 2011 into law, effective June 28, 2011. This law provides for changes to the manner in which the State-administered retirement systems* operate and to the benefit provisions of those systems. The law also changes the manner in which the State-administered Health Benefits Programs* operate and the employee contribution and benefit provisions of those programs.

Changes to employee benefits are always an important concern.  In an effort to provide you with access to as much information as we have on this sensitive subject, we provide the following links.

Detailed information is posted at on the website of the NJ Division of Pensions and Benefits at:

http://www.state.nj.us/treasury/pensions/reform-2011.shtml

Frequently asked questions to Health Benefits Reform Under Chapter 78, P.L. 2011 is available at:

http://www.state.nj.us/treasury/pensions/reform-hb-qa.shtml

The Division of Pensions and Benefits is in the process of implementing the provisions of Chapter 78, and will post information and links to their page as they become available.  Please check back, for the most recent updates.

Additionally, please feel free to continue to contact Human Resources and we will do our best to process any questions you may have.


*Retirement systems include the Public Employees' Retirement System (PERS), Teachers' Pension and Annuity Fund (TPAF), Police and Firemen's Retirement System (PFRS), State Police Retirement System (SPRS), and Judicial Retirement System (JRS).   Health Benefit Programs include the State Health Benefits Program (SHBP) and School Employees' Health Benefits Program (SEHBP).