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Public Employees’
Retirement System (PERS)
Faculty members who are employed by the University
at less than 88% of the full-time equivalent and earning $1500
or more per year are required to enroll in the States’ Public
Employees’ Retirement System (PERS). This is a defined benefit
plan that establishes a retirement income based on the number
of years of credited pension service. The faculty member is vested
in the plan after ten years of credited service. New full-time
faculty members with existing PERS membership have the option
of maintaining their membership in the PERS or transferring to
the ABP. It is the faculty member’s responsibility to advise
the campus Human Resources Office of any current or prior State
of New Jersey pension participation.
PERS (including information on group life insurance,
long term disability insurance and retirement)
(State Site http://www.state.nj.us/treasury/pensions/persman.htm)
PERS Frequently Asked Questions
(http://www.state.nj.us/treasury/pensions/pers1.htm)
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