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Learn about how to support our younger teachers by consolidating all tiers into ONE tier, creating equity across the board.

Pension Justice for Everyone! - Action Center

NJEA Pension Justice for Everyone!
In 2007, New Jersey started to “tier” its pension systems. The most damage was done when Chris Christie and the Legislature created Tier 4 (2010) and Tier 5 (2011). Anyone hired after June 27, 2011 is in Tier 5. As a result, roughly half of all public school employees have far inferior pensions. It's not right nor fair, and it's time for a change. It's time for pension justice.

As an example of the inequity, some Tier 5 employees pay nearly 94% of the cost of their pensions, contributing $15 out of pocket for every $1 the state contributes. By contrast, their colleagues in Tier 1 contribute $1 for every $1 the state contributes. Making matters worse, the “normal retirement age” is extended for Tier 5 employees. Those in PERS who work less than 32 hours a week are forced into a retirement savings account called DCRP instead of a pension. Tier 5 and DCRP are structured to provide no incentive for school employees to remain in education for their entire careers.

HOW TO TAKE ACTION! Contact your representatives in the NJ Assembly and Senate today.

Go to the following link (cut and paste):

https://www.njea.org/pension-justice-for-everyone/ #!

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BEWARE!!!!

The New Jersey Cybersecurity and Communications Integration Cell (NJCCIC) has received reports of pension plan help scams via phishing campaigns. For example, these phishing emails may claim that the targeted employee is eligible for a “no charge consultation” with a licensed representative as an employee of their respective organization. During the appointment, the purported representative will cover the potential monthly income, early retirement options, and other advice. The subject line includes the organization's name followed by "Pension help." The purported representative's email signature contains an address pointing to a shipping and receiving storefront in Washington, DC. The phishing emails contain a link that, if clicked, directs the target to a fraudulent New Jersey Division of Pensions & Benefits (NJDPB) webpage to set up a pension review phone appointment. The target is prompted to set a date and time and provide contact information, such as name, phone number, and email address. If submitted, a scheduled meeting confirmation page appears with the option to add the calendar invite to the target’s calendar via Google, Outlook, or iCloud to appear legitimate. The fraudulent review call confirmation page also includes a link to the Zoom platform, which the legitimate NJDPB does not utilize.

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