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PUBLIC EMPLOYEES ' RETIREMENT SYSTEM TEACHERS ' PENSION AND ANNUITY FUND CERTIFICATION OF SERVICE AND FINAL SALARY RETIREMENT THIS FORM MUST BE COMPLETED BY EMPLOYING AGENCY SEE INSTRUCTIONS ON REVERSE.

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Related content

Certification of Service and Final Salary for...
State of New Jersey ... FROM: New Jersey Division of Pensions & Benefits (NJDPB). SUBJECT:...
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http://www.state.nj.us/treasury/pensions/mbosregister.shtml ... The College of New Jersey...
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New Jersey teachers and other educational employees have additional protections because they are employed by the government.

One of the reasons they're having such a tough time is that New Jersey has a law that requires all government employees to live in the Garden State. The law was found to be unconstitutional in 2021 by a Superior Court judge but it remains on the books.

The average state pension is just $31,600. But with 340,000 retirees, and growing by 10,000 a year, that comes to $11 billion in benefits this year.

Public Employee Retirement System (PERS) The Public Employees' Retirement System is open to state, county, municipal, authority, and school board employees who are precluded from any other NJ state pension system (e.g., Teachers, Police and Fire, State Police, Judicial).

Benefit to a Beneficiary The benefit payments continue for your lifetime only. Upon your death, ben- efits end and your survivors do not receive a pension allowance.

The State of New Jersey has over 67,582 dedicated employees. They serve a broad range of positions and provide essential support and services to the citizens of the State.

20 years of service credit at age 60 or older; • 25 years of service credit at age 55 or older; or • 35 years of service credit at age 55 or older.

If you do not live in New Jersey, you have one year after the date you start your job to relocate your residence to New Jersey. If you do not do so, you may be removed from your office, position, or employment.

Death benefits cannot be paid until all the necessary information and claim forms have been received from your beneficiary by the NJDPB. To report a death, contact the Office of Client Ser- vices at (609) 292-7524.

A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year. That $45,000 becomes your guaranteed lifetime income.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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