Transcription of Defined Contribution Retirement Program (DCRP) …
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Defined Contribution Retirement Program (DCRP) …
Defined Contribution Retirement Program (DCRP) Enrollment Due to Maximum Compensation LimitsInformation for: Public Employees Retirement System (PERS) Teachers Pension and Annuity Fund (TPAF) Police and Firemen s Pension Fund (PFRS) State Police Retirement System (SPRS)Page 1 May 2022 Fact Sheet #79 The Defined Contribution Retirement Program (DCRP) was established July 1, 2007, under the provisions of 43:15C-1 et seq. The DCRP provides eligible members with a tax-sheltered, de-fined Contribution Retirement benefit, along with life insurance and long-term disability fact sheet addresses DCRP membership for employees already enrolled in the Public Employees Retirement System (PERS), Teachers Pension and Annuity Fund (TPAF), Police and Firemen s Retire-ment System (PFRS), or State Police Retirement System (SPRS) whose salary exceeds the maximum pensionable compensation limit. The Defined Con-tribution Retirement Program (DCRP) if Ineligible for PERS or TPAF Enrollment and the Defined Contri-bution Retirement Program (DCRP) for Elected and Appointed Officials Fact Sheets are also available on our website at: enrolled in the PERS or TPAF on or after July 1, 2007, or enrolled in the PFRS or SPRS after May 21, 2010, are subject to a maximum compen-sation limit for pension contributions .
The Defined Contribution Retirement Program (DCRP) was established July 1, 2007, under the provisions of N.J.S.A. 43:15C-1 et seq. The DCRP provides eligible members with a tax-sheltered, de-fined contribution retirement benefit, along with life insurance and long-term disability coverage. ELIGIBILITY This fact sheet addresses DCRP membership for
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