Pension Tab

For a new employee, when you go to their Payroll > Pension tab, you will see the following button to add their pension information.  

Click the Add Pension button and the following screen will open:

• Pension Type - use the drop-down to select which pension group the employee is in (PERS, TPAF or DCRP)
• Number - if you have the employee's pension number, enter it here
• Tier - if you enter an Enrollment Date in the next field, the Tier will automatically populate after you click Add.  Otherwise, you can key it in.
• Enrollment Date - enter the date the employee was enrolled in pension with the State

Click Add

The employee's Pension record is created.  It pulls in all of the pertinent pension details for the pension group chosen.  It also shows all pension deductions the employee has and when the employee has payrolls posted, they will show the amounts per deduction.

Pension Categories in NJ

There are three categories of pension participation and these are determined by an employee's contractual status:

• TPAF - Teachers Pension Annuity Fund
• PERS - Public Employees Retirement System
• DCRP - Defined Contribution Retirement Program

Changing Pension Groups

If an employee changes from one group to another, you can create a new record so you have their previous group as a historical record.  

1. in the Enrollment End Date field, enter the date they are leaving the current pension group.  Then click Save.  The record will turn blue, indicating it is historical.
2. click the Add Pension button and add a record for the new pension group.  Enter the new enrollment start date for this record.  Click Add.  You will now have a tan colored record, indicating it is the current record.  
3. complete all the pension information for the new/current record.