{"id":1203,"date":"2018-12-05T14:58:53","date_gmt":"2018-12-05T14:58:53","guid":{"rendered":"http:\/\/www.montclair.edu\/human-resources\/?page_id=1203"},"modified":"2019-04-16T10:31:01","modified_gmt":"2019-04-16T14:31:01","slug":"police-and-firemans-retirement-system-pfrs","status":"publish","type":"page","link":"https:\/\/www.montclair.edu\/human-resources\/benefits\/retirement-plans\/police-and-firemans-retirement-system-pfrs\/","title":{"rendered":"Police and Fireman&#8217;s Retirement System (PFRS)"},"content":{"rendered":"<p>The Police and Firemen&#8217;s Retirement System (PFRS) requires membership of all police officers and firefighters appointed after June, 1944, in municipalities where local police and fire pension funds existed, or where the PFRS was adopted by referendum or resolution. Certain State and County law enforcement job titles are also covered.<\/p>\n<p>The Police and Fireman&#8217;s Retirement System is a defined benefit plan where retirement benefit is based on a formula.<\/p>\n<div class=\"link-list\">\n<ul>\n<li><a href=\"#elig\">Police and Firemen&#8217;s Retirement System Eligibility<\/a><\/li>\n<li><a href=\"#contrib\">Police and Firemen&#8217;s Retirement System Contributions<\/a><\/li>\n<li><a href=\"#vest\">Police and Firemen&#8217;s Retirement System Vesting<\/a><\/li>\n<li><a href=\"#enroll\">How to Enroll in the Police and Firemen&#8217;s Retirement System<\/a><\/li>\n<li><a href=\"#workshops\">Retirement Planning Workshops for Police and Firemen&#8217;s Retirement System Members<\/a><\/li>\n<\/ul>\n<\/div>\n<h2 id=\"elig\">Police and Firemen&#8217;s Retirement System Eligibility<\/h2>\n<p>You may be eligible to enroll in the Police and Firemen&#8217;s Retirement System if you meet the following criteria:<\/p>\n<ul>\n<li>Permanent, full-time law enforcement officers in an eligible PFRS job title who meet the age and medical criteria for membership<\/li>\n<\/ul>\n<h2 id=\"contrib\">Police and Fireman&#8217;s Retirement System Contributions<\/h2>\n<dl class=\"compact\">\n<dt>Employee Contribution:<\/dt>\n<dd>10% of base salary made on a pretax basis<\/dd>\n<dt>Employer Contribution:<\/dt>\n<dd>Determined annually by the state<\/dd>\n<\/dl>\n<h2 id=\"vest\">Police and Fireman&#8217;s Retirement System Vesting<\/h2>\n<dl class=\"compact\">\n<dt>Vesting:<\/dt>\n<dd>10 years<\/dd>\n<\/dl>\n<h2 id=\"enroll\">How to Enroll in the Police and Fireman&#8217;s Retirement System<\/h2>\n<p>After completing the Police Academy, email the following documents to <a href=\"mailto:benefits@montclair.edu\">benefits@montclair.edu<\/a>:<\/p>\n<ul>\n<li>Police Academy Certification<\/li>\n<li>Physician Examination Report<\/li>\n<li>Proof of Age<\/li>\n<li><a href=\"http:\/\/www.montclair.edu\/human-resources\/wp-content\/uploads\/sites\/181\/2018\/12\/Interfund-Transfer-Application.pdf\">Interfund Transfer Form (PDF)<\/a><\/li>\n<\/ul>\n<p>For more information, view the <a rel=\"noopener\" href=\"https:\/\/www.nj.gov\/treasury\/pensions\/pension-active-pfrs.shtml\" target=\"_blank\">NJ State Department of Pensions and Benefits Police and Firemen&#8217;s Retirement System page<\/a>.<\/p>\n<h2 id=\"workshops\">Retirement Planning Workshops for Police and Firemen&#8217;s Retirement System Members<\/h2>\n<p>The New Jersey Department of Pensions and Benefits offers retirement planning seminars and webinars for PFRS members throughout the year.<\/p>\n<p>Retirement Planning seminars and webinars take a step-by-step approach to the retirement process and explain what happens after you submit your application. They explain your benefits, survivor options, group life insurance, loan repayment provisions, and the taxability of your pension. There is also a brief discussion of State Health Benefits Program and School Employees\u2019 Health Benefits Program coverage in retirement. The classroom session is approximately 3 hours in duration. The webinar is 1 \u00bd &#8211; 2 hours in duration. Both sessions include a Q&amp;A period.<\/p>\n<p>View the\u00a0<a href=\"http:\/\/www.montclair.edu\/human-resources\/benefits\/benefits-workshops\/\">Benefits Workshops<\/a>\u00a0page for additional information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Police and Firemen&#8217;s Retirement System (PFRS) requires membership of all police officers and firefighters appointed after June, 1944, in municipalities where local police and fire pension funds existed, or where the PFRS was adopted by referendum or resolution. Certain State and County law enforcement job titles are also covered. The Police and Fireman&#8217;s Retirement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2956,"parent":471,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-1203","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=1203"}],"version-history":[{"count":3,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1203\/revisions"}],"predecessor-version":[{"id":3754,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/1203\/revisions\/3754"}],"up":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/471"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media\/2956"}],"wp:attachment":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=1203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}