{"id":5414,"date":"2021-04-09T11:25:55","date_gmt":"2021-04-09T15:25:55","guid":{"rendered":"http:\/\/www.montclair.edu\/human-resources\/?page_id=5414"},"modified":"2026-04-06T12:02:14","modified_gmt":"2026-04-06T16:02:14","slug":"information-for-prospective-retirees","status":"publish","type":"page","link":"https:\/\/www.montclair.edu\/human-resources\/benefits\/preparing-for-retirement\/information-for-prospective-retirees\/","title":{"rendered":"Information for Prospective Retirees"},"content":{"rendered":"<ul>\n<li><a href=\"http:\/\/www.montclair.edu\/human-resources\/wp-content\/uploads\/sites\/181\/2023\/12\/PERS-Steps-to-Retirement-2023.pptx-1.pdf\"><\/a><a href=\"#abp\">Alternate Benefits Program (ABP)<\/a><\/li>\n<li><a href=\"#pers\">Public Employees\u2019 Retirement System (PERS)<\/a><\/li>\n<li><a href=\"#pfrs\">Police and Firemen&#8217;s Retirement System (PFRS)<\/a><\/li>\n<\/ul>\n<div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">ABP<\/div><div class=\"prpl-drawer-content\">\n<ul>\n<li><a href=\"https:\/\/www.montclair.edu\/canvas\/canvas-catalog\/\"><strong>Steps to Retirement \u2014 Self-Guided Presentation<\/strong> <\/a><\/li>\n<li><a href=\"https:\/\/www.state.nj.us\/treasury\/pensions\/documents\/factsheets\/fact38.pdf\">ABP Fact Sheet 38<\/a><\/li>\n<li><a href=\"https:\/\/nj.gov\/treasury\/pensions\/documents\/forms\/abp220.pdf\">Retirement Application<\/a><\/li>\n<li><a href=\"https:\/\/www.nj.gov\/treasury\/pensions\/documents\/forms\/fp0952.pdf\">Withdrawal Request Acknowledgement Receipt<\/a><\/li>\n<li><a href=\"http:\/\/www.state.nj.us\/treasury\/pensions\/documents\/factsheets\/fact73.pdf\">Fact Sheet #73 Retiree Dental Plans<\/a><\/li>\n<li><a href=\"https:\/\/www.montclair.edu\/human-resources\/payroll-services\/paid-time-off\/\">Paid time off<\/a><\/li>\n<li><a href=\"https:\/\/nj.gov\/treasury\/pensions\/hb-retired-shbp.shtml\">Retiree health benefit rates<\/a><\/li>\n<\/ul>\n<p data-start=\"1091\" data-end=\"1289\"><\/p><\/div><\/div>\n<div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">PERS<\/div><div class=\"prpl-drawer-content\">\n<ul>\n<li><a href=\"https:\/\/www.montclair.edu\/canvas\/canvas-catalog\/\"><strong>Steps to Retirement \u2014 Self-Guided Presentation<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=0LhE-jufiUA&amp;t=23s\">PERS Retirement Estimate Calculator<\/a><\/li>\n<li><a href=\"http:\/\/www.state.nj.us\/treasury\/pensions\/documents\/factsheets\/fact73.pdf\">Fact Sheet #73 Retiree Dental Plans<\/a><\/li>\n<li><a href=\"https:\/\/www.montclair.edu\/human-resources\/payroll-services\/paid-time-off\/\">Paid Time Off<\/a><\/li>\n<li><a href=\"https:\/\/nj.gov\/treasury\/pensions\/hb-retired-shbp.shtml\">Retiree health benefit rates<\/a><\/li>\n<\/ul>\n<p data-start=\"1091\" data-end=\"1289\"><\/p><\/div><\/div>\n<div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Seminars and Webinars for PERS members<\/div><div class=\"prpl-drawer-content\">\n<p>The New Jersey Division of Pensions &amp; Benefits provides seminars and webinars for members. Topics include Retirement Planning, PERS Retirement Estimates, PERS Pension Options, submitting an MBOS Retirement Application, and Understanding your Pension Benefits<\/p>\n<ul>\n<li><a href=\"https:\/\/www.nj.gov\/treasury\/pensions\/member-training.shtml\">Seminars\/Webinar<\/a><\/li>\n<\/ul>\n<p data-start=\"1091\" data-end=\"1289\"><\/p><\/div><\/div>\n<div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">PFRS<\/div><div class=\"prpl-drawer-content\">\n<ul>\n<li><a href=\"https:\/\/www.nj.gov\/treasury\/pensions\/documents\/factsheets\/fact19.pdf\">Fact Sheet #19 Retirement: How to Apply<\/a><\/li>\n<li><a href=\"http:\/\/www.state.nj.us\/treasury\/pensions\/documents\/factsheets\/fact73.pdf\">Fact Sheet #73 Retiree Dental Plans<\/a><\/li>\n<li><a href=\"https:\/\/www.nj.gov\/treasury\/pensions\/pfrs-estimate.shtml\">PFRS Retirement Estimate Calculator<\/a><\/li>\n<li><a href=\"https:\/\/www.montclair.edu\/human-resources\/payroll-services\/paid-time-off\/\">Paid Time Off<\/a><\/li>\n<li><a href=\"https:\/\/www.state.nj.us\/treasury\/pensions\/documents\/forms\/sc0864-pfrs-tier-chart.pdf\">PFRS Tier Chart<\/a><\/li>\n<li><a href=\"https:\/\/nj.gov\/treasury\/pensions\/hb-retired-shbp.shtml\">Retiree health benefit rates<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n<div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Health Benefits After Retirement<\/div><div class=\"prpl-drawer-content\">\n<ul>\n<li>Health benefits with Ä¢¹½ÊÓƵ will end at the end of the month of your retirement date\n<ul>\n<li>Example: Retirement date: July 1st Health Benefits end: July 31st<\/li>\n<\/ul>\n<\/li>\n<li>If you do not have 25 years of service with the State you will be responsible for the full costs of the premium<\/li>\n<li>If you have 25 years of service or more your health benefits rate will be based on when you reached your 25 years<\/li>\n<li>Years of service is not maintained by Ä¢¹½ÊÓƵ, the State is the record keeper. Therefore to confirm your years of service you must request an audit of your service from the State.<\/li>\n<li>Rates can be found on the State <a href=\"https:\/\/nj.gov\/treasury\/pensions\/hb-retired-shbp.shtml\">website.<\/a><\/li>\n<\/ul>\n<\/div><\/div><div class=\"prpl-drawer\"><div class=\"prpl-drawer-header\">Retirement Checklist<\/div><div class=\"prpl-drawer-content\">\n<ul>\n<li>Complete the\u00a0<a href=\"https:\/\/www.montclair.edu\/canvas\/canvas-catalog\/\"><strong>Steps to Retirement \u2014 Self-Guided Presentation<\/strong><\/a><\/li>\n<li>Request your pension service credit letter through the New Jersey Division of Pension and Benefits (optional)\n<ul>\n<li>Phone: 609-292-7524<\/li>\n<li>Email: pensions.nj@treas.nj.gov<\/li>\n<li>Mail: P.O.Box 295, Trenton, NJ 08625-0295<\/li>\n<\/ul>\n<\/li>\n<li>Submit written intent to retire notice to your department. Retirement must be the first of the month<\/li>\n<li>Submit retirement paperwork to benefits@montclair.edu (ABP members) or through MBOS (PERS members)<\/li>\n<li><span style=\"font-weight: 400\">Contact your financial advisor to withdraw your $1,000 distribution (ABP members) or if enrolled in a supplemental plan<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Once HR receives your completed retirement forms, medicare eligible employees\/dependents will receive a completed <\/span><span style=\"font-weight: 400\"><a href=\"https:\/\/www.cms.gov\/medicare\/cms-forms\/cms-forms\/downloads\/cms-l564e.pdf\">Medicare Part B Form<\/a><\/span><span style=\"font-weight: 400\">.\u00a0<\/span>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Submit Medicare Part B form to Social Security<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Once you receive your Medicare cards, they will need to be uploaded to Benefitsolver<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-weight: 400\">On your retirement date log into <\/span><span style=\"font-weight: 400\">Benefitsolver<\/span><span style=\"font-weight: 400\"> to view\/enroll in your retiree health benefits<\/span><\/li>\n<\/ul>\n<p><strong>Note: If you log into Benefitsolver prior to your retirement date, you will see your active benefits which cannot change until after you retire<\/strong><\/p>\n<\/div><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alternate Benefits Program (ABP) Public Employees\u2019 Retirement System (PERS) Police and Firemen&#8217;s Retirement System (PFRS) &nbsp;<\/p>\n","protected":false},"author":6,"featured_media":229,"parent":5412,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-5414","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/5414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=5414"}],"version-history":[{"count":29,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/5414\/revisions"}],"predecessor-version":[{"id":9720,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/5414\/revisions\/9720"}],"up":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/pages\/5412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media\/229"}],"wp:attachment":[{"href":"https:\/\/www.montclair.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=5414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}