New Jersey Teaching Salaries and Benefits

new jersey

Health insurance benefits have become a key decision in choosing a career path. In fact, according to a study by the Kaiser Family Foundation, many workers choose careers simply based on the health benefits they provide alone.

The lawmakers of New Jersey understand the appeal of a comprehensive system of benefits, and attract qualified teachers to the state with affordable health coverage and retirement planning services. By offering teachers lifetime pensions and health benefits, New Jersey hopes to retain a high-quality teaching force.

Learn more about becoming a teacher. Contact schools offering teacher education/certification programs in New Jersey.

Retiring in New Jersey

Once you are employed as a public teacher in New Jersey, you are enrolled in the statewide Teachers’ Pension and Annuity Fund (TPAF). This fund was created to administer lifetime retirement assets to teachers that become available upon retirement.

The TPAF manages a defined benefit retirement plan that gives teachers a percentage of their salaries as a pension benefit. The more years of service you accrue, the larger the percentage of salary you collect.

To help fund the defined benefit plan, you are required to contribute 6.5% of your regular annual salary, while your employer contributes an additional percentage that fluctuates.

Your contributions are put into the TPAF account until you are eligible to retire. You qualify for full retirement benefits when you are age 65 or older with any amount of service years.

Once you reach retirement age, you will receive your monthly pension. The pension payments are based on your final average salary and your length of service:

Years of Service
multiplied by
55
multiplied by
Final Average Salary

For example, if you retire after 30 years of service with a final average salary of $62,000, you will receive $2,818 per month.

To learn more about retirement benefit options available to New Jersey teachers, contact the Teachers’ Pension and Annuity Fund.

Access to Affordable Health Insurance

In the state of New Jersey, each school district negotiates the health insurance benefits it will provide for teachers with the local teachers’ union.

Accordingly, some districts will charge teachers a portion of their health benefit costs, while other districts will not. Your premium and out-of-pocket expenses will be determined by the school district you work for.

Many school districts participate in the Teacher Employees’ State Health Benefits Plan. This program offers four different medical insurance plans to choose from. All plans will cover a portion of medical service, including:

  • Physician Visits
  • Prescription Drugs
  • X-Ray and Laboratory
  • Hospital Care
  • Emergency Room

In addition to medical insurance, many districts offer an optional dental insurance plan to employees and their families. If you’re interested in learning more about all the health benefits available to New Jersey teachers, contact your local school district.

Info to Explore

Terminology and Specifics

Recent News

Student Artists From Rose Tree Media School District Celebrated at the U.S. Department of Education

Posted on 22 May 2018 | 12:45 pm

About 250 student artists, teachers, parents, and school administrators from the Rose Tree Media School District in Pennsylvania, along with U.S. Department of Education (ED) staff, recently ...

Seventh Cohort of U.S. Department of Education Green Ribbon Schools Announced

Posted on 17 May 2018 | 2:17 pm

On May 16th, the U.S. Department of Education named the 2018 U.S. Department of Education Green Ribbon Schools (ED-GRS), District Sustainability Awardees, and Postsecondary Sustainability ...

A Counselor’s Thank You to Teachers

Posted on 11 May 2018 | 11:15 am

We hear about all the great teachers in the counseling office.  The one who set the times tables to the tune of Pharrell Williams’ “Happy,” ensuring kids will remember them forever, even if ...