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Retirement System Eligibility and Enrollment Information
Detailed information can be found here:
An Intrafund Transfer (also known as a Report of Transfer) happens when you stop working for one employer and are hired by a new employer in a job that falls under the same retirement system. You continue to contribute to and earn service credit in the same account.
To be eligible for an Intrafund Transfer:
If there has been a break in service of more than two years since your last pension contribution, you cannot contribute to your prior PFRS account. An application will be submitted to enroll you in a new PFRS account under the membership tier in effect at the time you return to PFRS employment.
However, if you are vested in your prior, inactive PFRS account, you may be able to transfer your old account to your new one. This type of transfer is called a “Tier-to-Tier Transfer.” The member must submit a Tier-to-Tier Transfer Form at the time of enrollment. It is important to note that by submitting a Tier-to-Tier Transfer, you waive all rights to retirement benefits under the original account.
Additional rules and restrictions apply to Intrafund Transfers.
See the PFRS Guidebook for detailed information.
Intrafund Transfer Forms
An Interfund Transfer happens when you start a new job that falls under a different retirement system. This can be with the same employer or a new one. Your contributions and service credit are transferred from the former retirement system to the new one.
To be eligible for an Interfund Transfer:
Additional rules and restrictions apply to Interfund Transfers.
See the retirement system Member Guidebooks for detailed information.
Since your retirement allowance is based partly on the amount of service credit posted to your account at the time you retire, purchasing additional service credit – if you are eligible to do so – may increase your pension amount or let you retire sooner.
Only active members of the retirement system are permitted to purchase service credit. Members on a leave of absence must return to active employment before they can request to purchase service credit.
An online Purchase Estimate Calculator is available through MBOS
To hear a Purchase Estimate over the phone, call the Automated Information System at (609) 292-7524.
Estimates are based on your current posted salary. However, when the actual purchase cost is calculated by the NJDBP, your highest pensionable salary will be used.
Applying to purchase service credit
You must apply to purchase service credit through MBOS
Note: Paper Applications to Purchase Service Credit are only accepted for:
To learn more about purchasing service credit, see:
If you have ended your New Jersey public employment, are not planning to return, and are not eligible to retire, you may withdraw your pension contributions. To withdraw the balance in a lump sum, you must no longer be working in any covered position.
If you are a “multiple member,” you cannot withdraw until you have terminated all jobs covered by the pension fund. By law, if you are on a leave of absence granted by your employer, withdrawal is not allowed. If you have a Workers’ Compensation claim or litigation pending, or if you have been dismissed and you have an appeal pending, your application cannot be processed until we receive required information from your employer.
To withdraw, you must complete the Application for Withdrawal through MBOS. Paper withdrawal applications are not accepted.
Once you apply for withdrawal, your former employer will be contacted to complete the Employer‘s Certification for Withdrawal. Your withdrawal claim cannot be paid until your former employer has completed this form.
Most members are covered by Group Life Insurance benefits.
Active employees —Noncontributory Group Life Insurance is provided by the employer through the retirement system. There is no cost to the member for coverage.
Conversion – When you retire, go on a leave of absence, or terminate your employment, coverage ends 31 days after you stop working. You may be eligible to convert your coverage to an individual policy.
Group Life Insurance publications
See your plan Guidebook for full details about Group Life Insurance.
Paper Loan Applications are not accepted!
Members must submit loan requests through MBOS.
You can see your eligibility, the maximum amount you may borrow, and calculate various repayment options. Once you apply, you will receive confirmation that your Loan Application is received along with the date your loan check will be mailed.
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