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
New Jersey Retirees' Education Association
Latest NJREA News
Update on the Medicare Income Related Monthly Amount Adjustment (IRMAA) reimbursements
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).
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.
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.
Advisory: Return to Employment – Teachers and other Professionals
bona fide retirement to return to employment during the 2021-22 and 2022-23 school years under certain conditions.
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.
2022 Medicare Part B Premiums
The Centers for Medicare & Medicaid Services (CMS) in November announced the 2022 premiums for Medicare Part B.
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.
MBOS gives members access to their pension account if they need to make changes to bank information, tax withholding, beneficiary information and medical benefits.
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Do you know any high school seniors with high academic accomplishments, active participation in school activities and is community-service minded? NJREA wants to help them continue their education!
Learn how to join the group that is changing the face of retired public school employees…the New Jersey Retirees’ Education Association.
The NJREA office is located on the first floor (Room 204B) of the brownstone portion of the NJEA building at 180 West State Street, Trenton.
P.O. Box 1211
Trenton, NJ 08607-1211
609.599.4561 ext. 2300
Attn: Cathy Raffaele, NJEA/NJREA Secretary