Transcription of Police and Firemen’s
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Police and Firemen s Retirement System (PFRS) Member Guidebook Pensions & BenefitsSP-0492-0422 PFRS Member Guidebook April 2022 Page 2 Police and Firemen s Retirement SystemTABLE OF CONTENTSPFRS General Information ..3 Foreword ..4 The Retirement System ..4 Contacting the NJDPB ..4 Police and Firemen s Mortgage Program ..5 Plan Information ..5 Eligibility ..6 Membership ..7 Age Requirements ..8 Part-time Employees ..8 Enrollments ..9 Overview ..10 Dual Membership ..11 Transfers ..11 Service Credit .. 12 Vesting ..13 Purchasing Service Credit ..14 Overview ..15 Types of Service Eligible for Purchase .. 15 Important Purchase Notes ..16 Cost and Procedures for Purchasing Service Credit ..16 Applying to Purchase Service Credit ..17 Loans ..19 Overview ..20 Applying for a Loan ..20 Internal Revenue Service Requirements ..21 Supplementing your Pension.
Membership in the PFRS does not give you the right to be retained in the employ of a participating employer, nor does it give you a right of claim to any benefit you have not accrued under terms of the system . Benefits and provisions of the PFRS are subject to changes by the legislature, courts, and other officials .
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