New Jersey Pension Systems Explained скачать в хорошем качестве

New Jersey Pension Systems Explained

Today, I'm going to talk a little bit about pensions. The first thing you need to know is that this applies to anyone who is involved with the public employee retirement system (PERS), the police and fire retirement system (which is obviously for police and firemen) or the TPA app (which is the teacher pension annuity fund for the teachers). In the state of New Jersey, those are the three #pensionsystems. There's also one for state police (which is similar but a separate pension system), but the three main ones are for the teachers, the public employees, and the police and fire. There are a couple of requirements, and the requirements go by way of whichever pension system you're in. So, teachers and public employees have one set of rules, while the police and fire have a slightly different set of rules and benefits. The first thing is if you have been injured or are sick and cannot do your job for some reason that has absolutely nothing to do with work. This is the easier of the two to discuss. If you're in teachers and public employees and have more than 10 years in the system, you are eligible. But if you have been injured or if you have a sickness, illness, disease—whatever it may be—unrelated to work, then you are eligible to apply for an #ordinarydisability pension as long as you have more than 10 years in the system. Now, for police and fire, your only requirement is to have more than four years in the system for what's called ordinary #disabilitypension. Basically, when it comes to pensions, what you have to demonstrate is that you are disabled in some way and are unable to perform the job duties that they outline in the civil service job description. That's it. Now, that becomes much more complicated, but the gist is this: you have your job title and a job description, and if you have some condition that prevents you from doing your job, then you are eligible to apply for those benefits. The reason I say that is because the specific doctor form that pensions requires you to fill out asks whether you’re permanently and totally disabled from the performance of your regular or assigned job duties. So, the doctors get a little crazy because they see the words, “permanently, totally disabled.” But they’ve got to read the whole sentence, which includes the phrase, “just from doing your specific job.” It doesn't have to be that you can't go back and do some work out there. That's not what we have to show. All we have to demonstrate is that you're unable to do the specific job duties as is required by the division of pensions and benefits under civil service. So, that's ordinary. If you're in public employees and teachers, you're eligible for 46.3% of the highest years of earnings. Those are taxable dollars, and if (and this is huge if) your job (your employer) participates in the state health benefit plan, then you would also be eligible to have health insurance in your disability retirement. So, of course, the first question is, “Well, how do I know if my employer participates in the state health benefits plan?” There are two ways to find that out. The first is to contact your employer, human resources (HR), personnel, or whomever, and say, “Hey, do we participate in the state health benefit plan?” Now, if you have Horizon Blue Cross Blue Shield as your insurance, you do. There are other insurances but you have to check to see if your employer is participating. The employers might participate in some years, and then not participate in some years. So, if you're looking to apply for your pension and need that health insurance in disability retirement, you absolutely want to make sure that the employer participates in the state health benefit plan. The second way to do it is to contact pensions themselves. But right now—based on the lack of manpower, woman power, or power in general that they have at the state of New Jersey—that's a difficult task, unless you pack a picnic breakfast and lunch and put yourself on hold for an entire day! That's for public employees and teachers. Now, for police and fire, ordinary disability is only 40%. Those are also taxable dollars, and the same rules apply as to the state health benefit plan (whether the employer participates in it). So, mechanically, how do you do it? Basically, you need to have two doctors who say you can't do your job. Those are the systems I wanted to briefly talk about. Follow us: Facebook:   / szafermanlak.  . Twitter:   / szafermanlakind   Website: https://www.szaferman.com/