Pension & Health

UNDERSTANDING YOUR PENSION & HEALTH BENEFITS

NJEA believes that the mainstay of a secure retirement is the defined benefit pension plan. In New Jersey, teachers and educational support professionals contribute a percentage of their salary and receive credit for the time they serve public school students in a pension plan that provides a guaranteed income in retirement. This is deferred compensation that members earn as part of their compensation package.

Providing quality health benefits for public school employees does not just benefit the employee and their families; they are also critical to protecting students’ health.

Post-retirement medical benefits are another element of an employee’s deferred compensation.

Chapter 78 Calculator

ACCESS YOUR PENSION ACCOUNT ONLINE

THROUGH THE MEMBER BENEFITS ONLINE SYSTEM (MBOS) REGISTRATION INSTRUCTIONS FOR FIRST TIME USERS To use MBOS you must register with both MBOS and the myNewJersey Web site. These instructions will guide you through both processes. REGISTRATION FOR MBOS IS FREE

MBOS

As an LEA member you are entitled to a free $1000 Life Insurance policy!

NEA® Complimentary Life Insurance – Trusted protection for your family at no cost to you.

This complimentary coverage includes:

  • Up to $1,000 of term life insurance
  • Up to $5,000 of accidental death and dismemberment (AD&D) coverage
  • $50,000 of AD&D insurance for any covered accident that occurs on the job or while serving as an Association Leader
  • $150,000 of life insurance for unlawful homicide while on the job

NEA policy Sign Up Here

RETIREMENT CALCULATOR

These calculators are provided as a convenience to our members
and are intended for use in long-range retirement planning only.