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Division of Pensions & Benefits

Retirement Estimate Calculators — PFRS

For Members of the Police and Firemen's Retirement System (PFRS)

Step 1

Service Retirement: — Available at age 55 with no minimum amount of service required. If you have less than 20 years of service credit, you will receive 2 percent of your Final Compensation for each year of service.

a.) If you have at least 20 years but less than 25 years of service credit, you will receive 50 percent of your Final Compensation.

b.) Service Retirement is also available to a member of any age with at least 20 but less than 25 years of service credit who was a member of the PFRS on January 18, 2000 (check box below).

Check here if you were a member of the PFRS on January 18, 2000.

1.) If you have between 25 and 40 years of service credit, see Special Retirement below.

2.) If you have 40 or more years of service credit, you will receive 70 percent of your Final Compensation, plus an additional one percent of your Final Compensation for each year of service credit over 40 years.

3.) If you are age 65 (mandatory retirement age) and have 20 or more years of service credit, you will receive 50 percent of your Final Compensation, plus three percent of your Final Compensation for each year of service over 20, up to 25 years, if enrolled in the PFRS as of January 18, 2000 (check box above).

Special Retirement(Calculator for Membership Tier 1 and Tier 2 only — members enrolled on or before June 28, 2011. Tier 3 members, please contact the Division for assistance.) available to members who have 25 years or more of service credit. The amount of your annual pension will be equal to 65 percent of your Final Compensation plus 1 percent for each year of service over 25 years but not to exceed 30 years. The maximum allowance is therefore 70 percent of your Final Compensation.

Deferred Retirement — available to members who terminate employment but are not yet 55 years of age. You must have at least ten years of service credit.* The amount of your annual pension will be equal to 2 percent of your Final Compensation for each year of service. The effective date of retirement is the first day of the month following your 55th birthday.

*If your service credit includes a voluntary purchase of service, to be eligible for a Deferred Retirement you must have paid off enough of the purchased service to meet a 10-year minimum.

Disability Retirement — There are three types of PFRS Disability Retirement benefit (select one).

Ordinary Disability — You must have a minimum of 4 years of NJ service credit* and be considered totally and permanently disabled. If you qualify for an Ordinary Disability Retirement, the retirement allowance is equal to 40 percent of your Final Compensation or 1.5 percent of the Final Compensation for each year of service credit, whichever is higher.

Involuntary Ordinary Disability — If you have more than 20 but less than 25 years of service credit and meet the qualifications for Ordinary Disability shown above and are required to retire upon application by your employer, you will receive an Ordinary Disability Retirement allowance of 50 percent of Final Compensation plus an additional three percent of Final Compensation for every additional year of creditable service over 20 but not over 25 years.

Accidental Disability — You must be considered permanently and totally disabled (you must prove that you are physically or mentally incapacitated from performing your normal or assigned job duties or any other position that your employer may assign) as a “direct result of a traumatic event” that happened during and as a direct result of carrying out your regular or assigned job duties. If you qualify for an Accidental Disability Retirement benefit, you will receive 2/3 of either your base salary at the time of the traumatic event or your last 12 months of salary, whichever is greater

For more information about Disability Retirement, see Disability Retirement Fact Sheet.

Disclaimer
  • This calculator estimates the retirement benefit available to members of the Police and Firemen's Retirement System (PFRS).
  • DO NOT APPLY FOR RETIREMENT BENEFITS BASED ON THIS ESTIMATE. The calculator is provided as a convenience to our members and is intended only for use in long-range retirement planning.
  • The calculation is based solely on the information you provide and does not access any of the salary or service information maintained by the Division of Pensions & Benefits.
  • Please note the differences in Final Compensation required for Tier 1 Members and Tier 2 Members.
  • If you are within two years of retirement, obtain an 'official' estimate of retirement benefits online using the Member Benefits Online System (MBOS) or by calling the Automated Information System at 609-292-7524
Step 2

Please complete all fields.

First Name:

Last Name:

Date of Birth:

Retirement Date:

*All retirements begin the 1st of the month.

Service Credit at Retirement:

Final Compensation at Retirement:

PFRS Tier 1 Members (enrolled on or before May 21, 2010) — Enter your last 12 months of salary. DO NOT include overtime, bonuses, etc.

PFRS Tier 2 or Tier 3 Members (enrolled after May 21, 2010) — Enter the average of your last 3 fiscal years (July-June) of salary. DO NOT include overtime, bonuses, etc.

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Last Updated: Friday, 09/27/19