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Pension & Health Benefits
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Pension Systems
There are currently seven pension funds administered by the State of New Jersey. Most are a defined contribution plan in which the employee contributes a fixed percentage of their salary while the employer contributions are based on actuary reports. The three main pension funds available to local municipal employees are Police and Fire Retirement System; Public Employee Retirement System and Defined Contribution Retirement Program.
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Health Benefits
Information on the Health Benefits program administered by the NJ Division of Pension & Benefits.
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Subscribe to Pension & Benefits News Flash
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Governor Conditionally Vetoes SHBC Claims Administrators Bill
Governor Murphy conditionally vetoed legislation that permits the State Health Benefits Commission (SHBC) to award contracts for more claims administrators and requires claims data and trend reports. Read on... -
SHBC Holds September Meeting
On Wednesday, the State Health Benefits Commission held its regularly scheduled monthly meeting. Read on... -
State Health Benefits Commission Adopts 2024 Plan Year Rates
municipalities – why should they be concerned? Do they need to take action? On Monday, the State Health Benefits Commission adopted the Plan Year 2024 rates, which includes a 7.4% increase for the SHBP Local Government Employer Group. Read on...
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