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  • The New Jersey Division Of Pensions & Benefits (njdpb) Cannot Provide Tax Advice

Get The New Jersey Division Of Pensions & Benefits (njdpb) Cannot Provide Tax Advice

Taxation of Retirement BenefitsThe New Jersey Division of Pensions & Benefits (NJDPB) cannot provide tax advice. Consult the IRS (1800TAX1040), or the N.J. Division of Taxation (609) 2926400,.

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Go to the Division of Pensions and Benefits Web site at: .state.nj.us/treasury/pensions 2. On the Pensions and Benefits home page click the link “Log on to MBOS or EPIC”.

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.

The most common options for taking your pension are taking the maximum tax free cash available, buying an annuity or a flexibly- accessed adjustable income, also known as a drawdown.

If you terminate covered employment before retire- ment, you may withdraw all your contributions less any outstanding loan or other obligations (plus a small amount of interest for PERS or TPAF members with at least three years of service).

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).

Available to members who have at least 10 years of pension membership service credit (but less than 25 years) and who are not yet 60 years of age for Tier 1 or Tier 2 members; or 62 years of age for Tier 3 or Tier 4 members; or 65 years of age for Tier 5 mem- bers, when they terminate employment.

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.

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.

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© Copyright 1997-2025
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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
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