Guest starbrite Posted November 14, 2004 Share Posted November 14, 2004 Who do my husband and I talk to about his pension benefits. We are in New Jersey. Link to comment Share on other sites More sharing options...
GBurns Posted November 14, 2004 Share Posted November 14, 2004 That really depends on which pension plan you are in. In any case you should have copies of both the initial and the current SPD. If not you should request an SPD from either your Benefits Dept or the Plan Administrator which is always where you go for initial information. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction) Link to comment Share on other sites More sharing options...
david rigby Posted November 14, 2004 Share Posted November 14, 2004 Might be some help here: http://www.state.nj.us/treasury/pensions/ I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
Guest starbrite Posted November 16, 2004 Share Posted November 16, 2004 To GBurns: My husband is in the PERS pension plan in new jersey. He is on disibility retirement. What is an SPD? Layman's terms please. Thanks in advance. Link to comment Share on other sites More sharing options...
david rigby Posted November 16, 2004 Share Posted November 16, 2004 Look here: http://www.state.nj.us/treasury/pensions/pers1.htm Specifically, look at the "member handbook" and glance thru the list of Frequently Asked Questions. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
GBurns Posted November 16, 2004 Share Posted November 16, 2004 SPD= Summary Plan Description. This is the Plan Document info summarized and explained in layman's terms. Although you say that your husband is in PERS, I find that many people use the term as a generic term to refer to any pension plan that they are in as a public employee. In NJ he could be a Teacher, Policeman, Firefighter, State Trooper etc or just an long enough serving employee to be a Closed System or in any 1 of the many other public pension plans available to state, county and municipal etc employees. Look at his benefits statement and verify which plan he is in, then Visit the website and read up, use the calculator etc then call his Benefits Dept: http://www.state.nj.us/treasury/pensions/index.html http://www.state.nj.us/treasury/pensions/pers1.htm http://www.state.nj.us/treasury/pensions/pubslist.htm George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction) Link to comment Share on other sites More sharing options...
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