By Stephanie L. Natera On May 1, the New Jersey Retirees’ Education Association (NJREA) held its 100th Anniversary Celebration where members celebrated a century of service, activism and excellence. This…
The Division of Pension and Benefits has alerted us that they are changing the process for the Medicare Income Related Monthly Amount Adjustment (IRMAA) reimbursements.
Please be aware: the NJ Division of Pensions and Benefits (NJDPB) has been eliminating paper correspondence from their website? Recent deletions include the Direct Deposit form and the W4-P and NJW4P forms. Any retiree who would like to make changes to their banking information or tax withholding must make these changes through the Member Benefit Online System (MBOS).
As required by law, retired members or their dependents who qualify for the School Employees’ Health Benefits Program (SEHBP) state-paid, post- retirement medical benefits, or those more recent retirees who may be contributing a percentage of the premium and are eligible for Medicare, must enroll in both Medicare Parts A and B.
On January 26, 2022, the State Investment Council (SIC) held its annual meeting virtually. The Division of Investment (DOI) reported on the overall performances of pension investments. This is the fifth year-end report that includes quarterly pension contributions from the state and lottery revenues.
bona fide retirement to return to employment during the 2021-22 and 2022-23 school years under certain conditions.
In September, the School Employees’ Health Benefits Commission (SEHBC) approved rates for the School Employees’ Health Benefits Program (SEHBP), from which many of our retired members receive their benefits, for Plan Year 2022.
The Centers for Medicare & Medicaid Services (CMS) in November announced the 2022 premiums for Medicare Part B.
Since January 1, 2012, all Medicare-eligible retirees enrolled in the School Employees’ Health Benefits Program (SEHBP) are automatically enrolled in the state-selected Medicare prescription plan, which is currently OptumRx. This program includes the Medicare-eligible retiree to be enrolled automatically in Medicare Part D.
On Sept. 23, the NJREA kicked off its fall meeting in modern style—via Zoom. Hundreds of NJREA members from around the state joined NJEA leaders, staff and special guests to usher in the 2021-22 advocacy year.