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ET-0547-0904 NEW JERSEY DIVISION OF PENSIONS AND BENEFITS REPORT OF TRANSFER / MULTIPLE ENROLLMENT FORM PO Box 295 Trenton, NJ 08625-0295 See reverse side for instructions on completing this form.

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How to fill out the Et 0547 online

The Et 0547, or Report of Transfer/Multiple Enrollment Form, is essential for members transitioning between New Jersey public employers while remaining in the same retirement system. This guide provides step-by-step instructions on how to accurately complete the form online.

Follow the steps to successfully complete the Et 0547.

  1. Press the ‘Get Form’ button to access the document and open it in your preferred editor.
  2. Indicate the type of action by selecting either 'Report of Transfer' or 'Multiple Enrollment' for PERS and TPAF.
  3. Choose the appropriate retirement system that applies to your situation: Public Employees’ Retirement System (PERS), Teachers’ Pension and Annuity System (TPAF), or Police and Firemen’s Retirement System (PFRS).
  4. Complete the member's section by entering your Social Security Number, Pension Membership Number, full name (last, first, middle, maiden), address, and daytime telephone number.
  5. In the section completed by the new employer, fill in the name of the former employer, date of the last pension deduction reported, the name of the new employer, and the new employer location/payroll number.
  6. Answer if the new employer is a Board of Education by selecting 'Yes' or 'No.'
  7. Provide the title of the new position and hire date. For TPAF applications, include the date employment began, ensuring to exclude temporary or substitute service.
  8. Indicate whether the position requires a New Jersey State Certificate and if you hold such a certification.
  9. For NJ Department of Education only, specify if the position is unclassified professional.
  10. Fill in the current annual base salary and indicate the payment frequency (10 month basis or 12 month basis).
  11. If employed by more than one public agency, list the agencies. Finally, the certifying officer should provide their signature, date, telephone number, and contact information.
  12. Review all sections to ensure all items are complete and accurate to avoid delays in processing.
  13. Save your changes, and when completed, you may download, print, or share the form as needed.

Complete your transfer or multiple enrollment forms online today.

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Unfortunately, pensions aren't portable like other retirement accounts. You can't simply transfer your account from one state to another, and you will likely lose service time. However, you may be able to retain at least some of your benefits – depending on whether you're vested.

Interfund Transfers An Interfund Transfer happens when you start a new job that falls under a different retirement system. This can be with the same employer or a new one. Your contributions and service credit are transferred from the former retirement system to the new one.

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).

If you have ended your New Jersey public employment, are not planning to return, and are not eligible to retire, you may withdraw your pension contributions. To withdraw the balance in a lump sum, you must no longer be working in any covered position.

If you use the Three-year Rule Method, your pension is not reported as taxable income until the payments you receive from the plan equal the amount you contributed. Once you have received an amount equal to your contributions, all payments from the pension plan are fully taxable.

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.

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