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HR-0426-0610 STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY DIVISION OF PENSIONS AND BENEFITS STATE HEALTH BENEFITS PROGRAM SCHOOL EMPLOYEES HEALTH BENEFITS PROGRAM PO BOX 299 TRENTON NEW JERSEY 08625-0299 CHAPTER 48 P. Nj treas. state. nj. us Please be sure to include your name telephone number e-mail address employing location and your specific question in the corespondence. The State State colleges and universities State agencies and authoriti.

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The SHBP Retiree Wellness Program, administered by the state of New Jersey, helps eligible retirees get and stay healthy by understanding their health risks and getting yearly physical exams. The program is voluntary, but your retirement health benefit contribution will be waived if you participate in the program.

The recommended Plan Year 2023 premium rate changes are as follows: a 21.6% increase for Active Employees, a 13.0% increase for Early Retirees and a 0.7% increase for Medicare Retirees.

When a participant in a retirement plan dies, benefits the participant would have been entitled to are usually paid to the participant's designated beneficiary in a form provided by the terms of the plan (lump-sum distribution or an annuity).

Contact Information Mailing Address P.O. Box 295. Trenton, NJ 08625-0295. Call Center. 609-292-7524. 7:00 a.m. – 4:30 p.m. Monday through Friday (except State holidays). ... Email. Send your Questions by email. ... Live Chat. 9:00 a.m. – 2:00 p.m. Monday through Friday (except State holidays).

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured person or annuitant dies. With life insurance policies, death benefits are not usually subject to income tax and named beneficiaries typically receive the death benefit as a lump-sum payment.

The IRS maximum for 2023 is $330,000, up from $305,000 in 2022. The maximum lump-sum death benefit basis is $110,000.

The Survivor Benefit Plan (SBP) allows a retiree to ensure, after death, a continuous lifetime annuity for their dependents. The annuity which is based on a percentage of retired pay is called SBP and is paid to an eligible beneficiary. It pays your eligible survivors an inflation-adjusted monthly income.

Upon your death as an active member, your surviv- ing spouse, civil union partner, or domestic partner is eligible to receive a pension benefit equal to 50 percent of your Final Compensation. 50 percent of final compensation to two or more eligible children, payable in equal shares.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232