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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
New Jersey's pension and health benefits news and updates as they relate to local government.
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Sherrill-Caldwell Administration Releases Transition Reports
The Sherrill-Caldwell Administration released the work of their 10 transition action teams. Sherrill-Caldwell Administration Releases Transiti -
SHBC Special Meeting Held on February 11
State Health Benefits Commission (SHBC) held a Special Meeting on February 11 to discuss State Health Benefits Program (SHBP) mid-year rate changes. Read on... -
Plan Design Committee Meeting Update on SHBP
The State Health Benefits Plan Design Committee held its regular meeting on January 28, discussing special meetings on an additional open enrollment period and rate changes for the State Health Benefits Program (SHBP) Plan Design Committee Meeting Update on SHBP
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