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Pension & Health Benefits
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Pension Systems
There are currently seven pension funds administered by the State of New Jersey. Most are a defined contribution plan in which the employee contributes a fixed percentage of their salary while the employer contributions are based on actuary reports. The three main pension funds available to local municipal employees are Police and Fire Retirement System; Public Employee Retirement System and Defined Contribution Retirement Program.
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Health Benefits
Information on the Health Benefits program administered by the NJ Division of Pension & Benefits.
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Subscribe to Pension & Benefits News Flash
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SHBC Holds September Meeting
On Wednesday, the State Health Benefits Commission held its regularly scheduled monthly meeting. Read on... -
SHBP Plan Design Committee Meets
The State Health Benefits Program (SHBP) Plan Design Committee met for its regularly scheduled meeting on August 23. Read on... -
State Health Benefits Commission Adopts 2024 Plan Year Rates
municipalities – why should they be concerned? Do they need to take action? On Monday, the State Health Benefits Commission adopted the Plan Year 2024 rates, which includes a 7.4% increase for the SHBP Local Government Employer Group. Read on...
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