Pensions

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futurecop
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Pensions

Post by futurecop »

I literally keep hearing different things. Is the pension for Police 25 years, or 30? And how did Christie change it?
intense1
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Re: Pensions

Post by intense1 »

Depends when you first started paying into the pension(would determine what tier you are) I started an academy May 2011 but didn't graduate until aug 2011.....it was changed in July 2011 from 25-30yrs. In a matter of a few weeks I got 5yrs tacked on. 💩👎🏻
BlueLine
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Re: Pensions

Post by BlueLine »

It's 30. 20 and out is supposedly coming back for a test run for 50% and no medical. That will probably not last too long due to the current climate and people edging to get out.
NJSHIELD
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Re: Pensions

Post by NJSHIELD »

https://nj.gov/treasury/pensions/docume ... rsbook.pdf

read it straight from the manual.
Special Retirement: 60% @ 25 years service credit, 65% @ 30 years service credit
NJSHIELD
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Re: Pensions

Post by NJSHIELD »

https://www.state.nj.us/treasury/pensio ... 8-pfrs.pdf

more information of Christie and his CH78 changes to PFRS, read the facts, don't listen to the rumors.
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Raven
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Re: Pensions

Post by Raven »

intense1 wrote: Mon Nov 16, 2020 9:09 am Depends when you first started paying into the pension(would determine what tier you are) I started an academy May 2011 but didn't graduate until aug 2011.....it was changed in July 2011 from 25-30yrs. In a matter of a few weeks I got 5yrs tacked on. 💩👎🏻
Unless you were alternate route, you should be able to buy that time as pensionable and be Tier 1.
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intense1
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Re: Pensions

Post by intense1 »

Raven wrote: Wed Dec 23, 2020 11:33 am
intense1 wrote: Mon Nov 16, 2020 9:09 am Depends when you first started paying into the pension(would determine what tier you are) I started an academy May 2011 but didn't graduate until aug 2011.....it was changed in July 2011 from 25-30yrs. In a matter of a few weeks I got 5yrs tacked on. 💩👎🏻
Unless you were alternate route, you should be able to buy that time as pensionable and be Tier 1.
I've been told up and down that if I buy the time back it will count towards my retirement( 4months) but I will not move tiers due to not being an officer at the time when the tiers changed. If this is incorrect, I would love to know how to fight it.
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