Pension
The New Jersey Division of Pensions & Benefits (NJDPB) administers one of the largest non-federal public benefits program in the nation, consisting of 10 separate retirement systems, three supplemental retirement saving programs, two health benefits programs for employees, retirees and family members, and several other employee benefits programs. There are over 400,000 active members and 300,000 retirees and beneficiaries that enjoy the benefits of the various pension systems administered by the NJDPB.
Teachers’ Pension and Annuity Fund (TPAF)
The Teachers’ Pension and Annuity Fund (TPAF) is a defined benefit pension fund established in 1919, reorganized in 1955 and open to employees of boards of education and the State who must be certified or credentialed as a condition of employment. Membership in the TPAF for employees who meet eligibility requirements is mandatory.
Public Employees’ Retirement System (PERS)
The Public Employees’ Retirement System (PERS) is a defined benefit pension fund established in 1955 and open to state, county, municipal, authority, and school board employees who are precluded from any other N.J. State retirement system. Membership in the PERS for employees who meet eligibility requirements is mandatory.
Click on each item in the navigation menu or below for more information on each retirement program.