Official Site of The State of New Jersey

Tax amounts are averaged within each wage range — your actual tax amount may vary

Taxation of Retirement Benefits Fact Sheet

IRS Publication 15-T, Federal Income Tax Withholding Methods

1099R Form: Example and Explanation

For more information on Federal Tax, please refer to the IRS website

For more information on NJ State Tax, please refer to the taxation website

View Tax Withholding Requests in our Video Library.

When a retiree dies, the NJDPB will pay any available death benefits to the last named beneficiary, or beneficiaries, on file. It is very important to keep your beneficiary information up to date.

You should update your "Designation of Beneficiary" any time you experience a major life event such as marriage, civil union, divorce, birth or adoption of a child, or the death of a family member.

You can view, change, or update your Designation of Beneficiary through MBOS.

Retirees can also verify their beneficiary designations by written request to:

Beneficiary Fact Sheets

• Designating a Beneficiary
• Reporting a Death
• Family Status Changes - Retirees
• Divorce, Dissolution of a Civil Union, and Your Retirement Benefits

Group life insurance benefits are reduced for most members. The amount of group life insurance available to your beneficiaries is shown on your Quotation of Retirement Benefits, sent to you when you first retired. See your plan Guidebook for details.

Group Life Insurance Publications

• PERS Certificate of Group Life Insurance
• TPAF Certificate of Group Life Insurance
• PFRS Certificate of Group Life Insurance
• SPRS Certificate of Group Life Insurance
• JRS Certificate of Group Life Insurance
• ABP Certificate of Group Life Insurance
• DCRP Certificate of Group Life Insurance

Electronic Funds Transfer (EFT) — also known as Direct Deposit — is the automatic deposit of your monthly retirement check to your bank account. Because the deposit of your retirement check occurs automatically, you will not have to make a special trip to the bank just to cash your retirement check, and your retirement check can never get lost or stolen in the mail.

Use MBOS to authorize or change your Direct Deposit online.

Note: If changing banks or accounts, be sure to keep the old account open until EFT processing is fully completed and you see the benefit payment deposited in the new bank or account.

Direct Deposit Schedule

Direct deposits are normally scheduled on the first day of the month, unless the first falls on a Saturday, Sunday, or State holiday, when they are deposited on the prior business day.

View Direct Deposit – Electronic Funds Transfer (EFT) in our Video Library .

This section contains letters that the Division of Pensions & Benefits has recently sent to selected groups of retirees. The letters are provided for archival purposes only; therefore, some information may be out of date and/or superseded by later changes.