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Pensions

Posted: Sat Nov 14, 2020 12:27 pm
by futurecop
I literally keep hearing different things. Is the pension for Police 25 years, or 30? And how did Christie change it?

Re: Pensions

Posted: Mon Nov 16, 2020 9:09 am
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. πŸ’©πŸ‘ŽπŸ»

Re: Pensions

Posted: Mon Nov 16, 2020 7:02 pm
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.

Re: Pensions

Posted: Wed Dec 23, 2020 8:39 am
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

Re: Pensions

Posted: Wed Dec 23, 2020 9:42 am
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.

Re: Pensions

Posted: Wed Dec 23, 2020 11:33 am
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. πŸ’©πŸ‘ŽπŸ»
Unless you were alternate route, you should be able to buy that time as pensionable and be Tier 1.

Re: Pensions

Posted: Mon Jan 04, 2021 6:43 pm
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. πŸ’©πŸ‘ŽπŸ»
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.

Re: Pensions

Posted: Wed Apr 28, 2021 11:11 am
by NJSHIELD
the tier that your are in is based on your pension enrollment date, if you have a chance read the NJ PFRS manual under the section about enrollment eligibility. It states that your enrollment date is the 1st of the month of the completed required training (fire academy/police academy). In your example you were hired may 2011, when your enrollment date into the PFRS is when you graduated the academy, which was after CH78 changes took effect. If you were enrolled into PEERS prior to being hired as a cop, and you had ROLLED over your pension PEERS to PFRS you would have stayed in tier 1/2 depending your PEERS enrollment date. If you were in PEERS prior to becoming a cop, but then unenrolled from PEERS, and then enrolled into PFRS with a new pension number, you would be in Tier 3. Log into your my NJ Portal and log into MBOS to see what the state has your date of enrollment into PFRS.


If you purchase any prior eligible time to count towards your pensionable credit months it will only count towards your number of months that you have credit, it will not backdate you. And you can purchase your time hired while in academy but not in the pension yet, if you were hired and enrolled in PEERS and then rolled into PFRS after the academy there would be no credit to buy back.

I am in a very similar situation. I have researched this extensively, I got tired of the rumors and go the answers from the source.

Re: Pensions

Posted: Wed Apr 06, 2022 8:21 pm
by ChickenMan1
I tried posting this is the Retired Section but I thought that regardless of a 20 & out coming out I thought there was always the option to leave after 20 years and collect 50% with no medical. It doesn’t make sense to think I would receive nothing if I decided to pack it in at 20. Any clarification would be appreciated.