What is PERS?
If you are a public employee, money deducted from your paycheck to save for your retirement is invested in PERS, the New Jersey Public Employees’ Retirement System.
The State of New Jersey established PERS in 1955.
The New Jersey Division of Pensions & Benefits handles all administrative functions of the retirement system except for investment.
The PERS Board of Trustees has the responsibility for the proper operation of the retirement system. The Trustees adopt rules and regulations to provide for the payment of benefits and the collection of money. The Trustees watch out for the best interests of retirees and future retirees.
The Board consists of:
- Six employee representatives
- The State Treasurer
- Two individuals appointed by the Governor, with the advice and consent of the Senate
The Board meets once a month.