POST-RETIREMENT BENEFIT INCREASE
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Effective January 1, 2012, there will be a Post Retirement Increase of 2% for retired State Employees, retired Judges, retired New State Police and retired County and Municipal Police/Firefighters (not the Closed State Police plan) whose effective date of retirement was on or before June 30, 2010. This will be reflected in the monthly pension benefit payments beginning January 31, 2012. The Closed State Police Post Retirement Increase is 2.07% and will be included in the July 29, 2011 benefit payment. For additional information please see our July 2011 Retiree Newsletter. |
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