MBOS updates

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).

Comments Off on MBOS updates

Enrollment in Medicare

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.

Comments Off on Enrollment in Medicare

Pension year in review

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.

Comments Off on Pension year in review

2022 SEHBP benefit rates

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.

Comments Off on 2022 SEHBP benefit rates

2022 Medicare Part B Premiums

The Centers for Medicare & Medicaid Services (CMS) in November announced the 2022 premiums for Medicare Part B.

Comments Off on 2022 Medicare Part B Premiums

2022 Medicare Part D Premiums

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.

Comments Off on 2022 Medicare Part D Premiums
Read more about the article A new era begins
The NJREA Fall Meeting was held virtually.

A new era begins

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.

Comments Off on A new era begins

SEHBP Rates for Retirees

Plan year 2022 In August, the SEHBP released the rates for Plan Year 2022, effective 1/1/2022. The retiree rates saw a modest increase as indicated in the chart below.  Annual…

Comments Off on SEHBP Rates for Retirees

NJREA celebrates stellar students

Walter Krichling Vocational/Technical/Career Scholarship Austin Dorflinger is currently a senior at Hunterdon Central Regional High School as well as in his second year at Hunterdon County Poly Tech in the…

Comments Off on NJREA celebrates stellar students