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Division of Pensions & Benefits

Online Guide to Retirement

Retirement is a big step in life. This guide will help you get information and make informed decisions about your retirement. Please select the topic below to get more information.

There are different types of retirement that you may qualify for depending on your age and the years and months of service credit you have in your retirement system account.

The age requirements and benefit calculations vary with your "Membership Tier," based on the date you were enrolled in the retirement system. (Members of the JRS are not subject to membership tiers.)

View Retirement Types, Eligibility, and Calculations in our Video Library.

PERS/TPAF

PFRS

SPRS

JRS

Ordinary Disability and Accidental Disability Retirement are available to certain members who are totally and permanently disabled from performing their normal or any assigned job duties.

The eligibility requirements and benefits for disability retirements are very different from other types of retirement.

PERS/TPAF

PFRS

SPRS

JRS

The PFRS, SPRS, and JRS allow for a continued pension benefit to a survivor.

PERS and TPAF members can choose from a number of different "Pension Options" that allow you to leave a life-time survivor benefit to a beneficiary after your death. JRS members also have these additional options.

View Exploring Pension Options in our Video Library.

PERS/TPAF

PFRS

SPRS

JRS

Retirement estimates show how much your gross monthly retirement benefit will be. The estimate can also include the amount for a survivor benefit after your death, your group life insurance benefit after retirement, and other important information about your retirement benefits.

PERS and TPAF

Members can get a retirement estimate online using the Member Benefits Online System (MBOS). Estimates use the service and salary information currently posted to your account if you are within two years of your retirement date.

If you are more than two years from retiring, you can get an estimate via MBOS for up to 10 years in the future based on the salary and service credit information you provide, which will not access any of the salary or service information maintained by the Division of Pensions & Benefits. You should not apply for retirement based on this estimate. The calculator is provided as a convenience to our members and is intended only for use in long-range retirement planning.

You may also refer to our Calculating Your Own Retirement Allowance Fact Sheet.

PFRS

If you are more than two years from retiring, please use the Police and Firemen's Retirement System Calculator You should not apply for retirement based on this estimate. The calculator is provided as a convenience to our members and is intended only for use in long-range retirement planning.

SPRS

Call your Human Resources Office for retirement estimates.

JRS

Call 609-690-4859 for retirement estimates.

Retirement seminars and webinars take a step-by-step approach to the retirement process and what happens after you submit your application. Trained counselors explain your benefits, beneficiary options, group life insurance, loan repayments, pension income taxes, and health benefits coverage in retirement. Seminars usually conclude with a question and answer period.

PERS/TPAF

PFRS

SPRS

Seminars/webinars are not available for SPRS members.

JRS

Seminars/webinars are not available for JRS members.

Your pension benefit is based partly on the amount of service credit posted to your retirement system account, so purchasing additional service credit — if you are eligible — may increase your pension amount or let you retire sooner.

PERS, TPAF, PFRS, SPRS

JRS

For most retirees, the group life insurance benefit becomes much smaller when you retire. You have the option to convert the smaller amount to an individual policy — without the need for a medical exam.

PERS/TPAF