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LIFE INSURANCE 

 

Employees enrolled in PERS:

  • One and one-half times prior 12 months salary at no cost (non-contributory).
  • Additional one and one-half times salary is paid for through payroll deduction (contributory). Cost is .0050 of base salary.

DESIGNATION OF LIFE INSURANCE BENEFICIARY FORM – PERS:

http://www.state.nj.us/treasury/pensions/epbam/exhibits/pdf/eb214.pdf

Employees enrolled in ABP:

  • Three and one-half times base salary at no cost (non-contributory).

DESIGNATION OF LIFE INSURANCE BENEFICIARY FORM - ABP

http://www.state.nj.us/treasury/pensions/epbam/exhibits/pdf/eb0791.pdf