Skip to main content

Pension Information

As an employee of Rowan-Virtua SOM, it is mandatory for you to participate in the New Jersey State Pension System. Rowan-Virtua SOM offers four pension choices based on employee category: Public Employee Retirement System (PERS), Defined Contribution Retirement Program (DCRP), the Alternate Benefits Program (ABP), or the Police and Fireman’s Retirement System (PFRS).

Learn more about each pension system below.

As a PERS member, you will need to register for your Members Benefits Online (MBOS) account using the below link. You will be able to update your beneficiary information, apply for pension loans and review your benefits offered through the state. Register and log on to the Member Benefits Online System (MBOS) here.

Learn more about PERS

Public Employees' Retirement System Member Guidebook

PERS application

NJ Division of Pensions and Benefits Significant Change to PERS/PFRS Loans

Voluntary Investments

The ACTS Program is a voluntary investment program that provides retirement income separate from your basic pension plan. You choose from six carriers who offer a selection of investment choices to meet your needs and goals of retirement planning. For more information on the ACTs program, visit the State of NJ Division of Pension & Benefits website.

Fact Sheet


Please note that you must submit the SRA form to HR and contact your vendor of choice directly.

  • Salary Reduction Agreement (SRA) Form - Rowan Main Campus
  • Vendor Contact Information
    • As part of the USA Patriot Act, the pension vendors are required to have a residential address on file for your account/s. If you have only a P.O. Box number on file, please note that you may be contacted by the vendor to provide a residential address. You may also be proactive and contact the vendor directly to make the address change.


The NJSEDCP, also called Deferred Comp, is a voluntary investment program that provides retirement income separate from, and in addition to, your basic pension plan. You can shelter a part of your wages from federal income taxes while saving for retirement. The NJSEDCP is handled by Empower (formerly Prudential). You can go to Empower's NJSEDCP website or you can call them at 1-866-NJSEDCP.

To complete the forms to enroll, contact the Empower representative directly (Jerard Gray 609-462-1239,

Roth Contributions

As part of the NJSEDCP, Rowan University employees have the ability to save on an after-tax basis via the 457 option. You can find answers to frequently asked questions about Roth contributions here.

Deferred Compensation Plan Webinars from Empower

Join Empower virtually for a series of live webinars offered to State employees enrolled in the New Jersey State Employees Deferred Compensation Plan, or employees who are interested in joining.  The schedule of webinar topics, dates, and times can be found here. All webinars are hosted via WebEx and run for approximately 30 minutes with a brief Q&A afterwards.


The Supplemental Annuity Collective Trust is available to PERS and PFRS members only. The program consists of two separate plans: the SACT-Regular Plan and the SACT-Tax-Sheltered Plan.

Retirement Information

Please note that this process should begin between 4-6 months before your retirement date.
  • ABP members should contact their vendor representative, complete a Retirement Allowance Application, and return the completed form to HR. Vendor Contact Information can be found here.

  • Contact Payroll Services to obtain your vacation leave balance. Vacation and compensatory time should be used prior to your separation date. Not applicable for Faculty members.

  • If you or anyone who will be covered by your NJ State Retiree Health Benefits is eligible for Medicare, they must have Part A and B established when you transition into the retiree health benefits program. Accordingly, if you wish to sign up for Parts A and/or B, you may apply online at or call Social Security at 1-(800)-772-1213 to sign up by phone or make an appointment with your local Social Security office.

  • Submit the Voluntary Separation Form via Self-Service Banner and upload a written letter of retirement. This letter must be received by Human Resources before the certification of your service and final salary.

PERS Retirement Information

ABP Retirement Information

PFRS Retirement Information

Returning to Work After Retirement Information

Schedule an appointment for counseling with The Division of Pensions and Benefits!

Counseling Interview Hours
8:00 a.m. - 4:00 p.m. Monday – Friday (except State holidays)
Please note: the last interviews are taken at 3:30 p.m.
The Division of Pensions and Benefits has scheduled upcoming Retirement Seminar dates for members of the Public Employee's Retirement System (PERS), Teacher's Pension and Annuity Fund (TPAF), or Police and Firemen's Retirement System (PFRS). Both in-person Seminars and live online webinars are available.

Designed for employees who are planning for retirement, retirement seminars and webinars provide a step-by-step look at the retirement process. We explain retirement benefits, beneficiary options, group life insurance, and how to submit the retirement application online using MBOS. Retirement eligibility, purchase, loan repayment provisions and the taxability of pension are explained along with a brief discussion of State Health Benefits Program and School Employee's Health Benefits Program coverage in retirement. Seminars conclude with a question and answer period; Webinar attendees are able to submit questions for individualized answers.

Please check out the State of New Jersey's web site regularly for newly added seminar/webinar dates and/or locations