![]() You must meet all the eligibility requirements for the new retirement system with the new job.Īdditional rules and restrictions apply to Interfund Transfers.Your Application for Interfund Transfer must be received by the New Jersey Division of Pensions & Benefits within two years from the date of your last pension contribution and.You must not have withdrawn from the retirement system.To be eligible for an Interfund Transfer: Your contributions and service credit are transferred from the former retirement system to the new one. This can be with the same employer or a new one. Tier-to-Tier Transfer Form (PERS, TPAF, and PFRS)Īn Interfund Transfer happens when you start a new job that falls under a different retirement system.Report of Transfer Form (PERS, TPAF, and PFRS).See the retirement system Member Guidebooks for detailed information. It is important to note that by submitting a Tier-to-Tier Transfer, you waive all rights to retirement benefits under the original account.Īdditional rules and restrictions apply to Intrafund Transfers. This type of transfer is called a "Tier-to-Tier Transfer." The member must submit a Tier-to-Tier Transfer Form. However, if you are vested in your prior, inactive PERS account, you may be able to transfer your old account to your new one. An application will be submitted to enroll you in a new PERS account under the membership tier in effect at the time you return to PERS employment. If there has been a break in service of more than two years since your last pension contribution, you cannot contribute to your prior PERS account. You must meet all the eligibility requirements of the PERS with the new employer.It must be less than two consecutive years since your last pension contribution and.You must not have withdrawn from the PERS and.To be eligible for an Intrafund Transfer: You continue to contribute to and earn service credit in the same account. Enrollment Requirements by Membership Tier (PERS and TPAF)Īn Intrafund Fund (also known as a Report of Transfer) happens when you stop working for one employer and are hired by another employer in a job that falls under the same retirement system.Workers' Compensation Judges Guidebook Addendum.Legislative Retirement System (LRS) Guidebook Addendum.Law Enforcement Officers (LEOs) Guidebook Addendum.Public Employees' Retirement System Member Guidebook.These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.Retirement System Eligibility and Enrollment Information These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. The views expressed herein are those of NGI and are current only through the date indicated. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans. Newport Trust Company is a New Hampshire state-chartered trust company and wholly owned subsidiary of NGI. ![]() For more information about Newport Group Consulting and its services, please visit or refer to our Form ADV Part 2, which is available by contacting us at 40 or. For more information, please visit - Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, an SEC registered investment adviser and subsidiary of NGI. Other insurance products may be offered by NGI. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Securities are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Copyright © 2015-2023 Newport Group, Inc.
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