The
Consolidated Police and Firemen's Pension Fund
(CPFPF) is a defined benefit pension fund established in 1952 to replace,
on an actuarial basis, 212 local police and firemen pension funds. The CPFPF membership
is limited to policemen and firemen appointed prior to July 1, 1944. The liabilities
of these local funds were shared, two-thirds by the participating municipalities
and one-third by the state. The CPFPF Board of Trustees has the responsibility
for the proper administration of the retirement system. There are no active members
of CPFPF—new employees are enrolled in PFRS. All retiree account records
in CPFPF begin with the number "05".
Benefit
Summary
Board
of Trustees
CPFPF
Annual Report (Most Recent)
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The
Prison Officers' Pension Fund (POPF)
is a defined benefit pension fund established in 1941. The POPF was not maintained
on an actuarial reserve basis and was closed to new employees as of January 1960.
New employees are enrolled in the Police and Firemen's Retirement System. The
Division of Pensions and Benefits has the responsibility for the proper administration
of the retirement system. All retiree account records in POPF begin with the number
"04 ".
Benefit
Summary
POPF
Annual Report (Most Recent)
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The
Central Pension Fund (CPF) consists
of the administration of a series of noncontributory pension acts. These include
Heath Act pensions for State employees, Veterans Act pensioners, Noncontributory
Pensions for certain employees, Annuity for Widows of Governors, and special pensions.
No reserves are established for the payment of retirement benefits. These benefits
are administered by the Division in accordance with the governing statute and
the rules and regulations of the State House Commission. All retiree account records
in CPF begin with the number "07".
CPF
Annual Report (Most Recent)
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Consolidated Police and Firemen's Retirement Fund
(CPFPF) Benefits
The surviving widow or widower of a retired member will be paid an annual pension
equal to 50 percent of the member's average salary, plus 15 percent of average
salary for one child, 25 percent for two or more children. If there is no widow
or widower, or if the widow or widower dies or remarries, leaving children of
the member, a pension will be paid to such children at the rate of 50 percent
of average salary to three or more children; 35 percent to two children; and 20
percent to one child.
"Children"
means a deceased member's unmarried children under age 18, or of any age who,
at the time of the member's death, are disabled because of mental retardation
or physical incapacity, are unable to do any gainful employment because of the
impairment, and the impairment has lasted or can be expected to last for a continuous
period of not less than 12 months, as affirmed by the physicians of the fund.
When
a retired member dies, the named beneficiary may be entitled to:
- The accrued retirement allowance, which reflects
all monthly benefits due the retiree but which the retiree was unable to collect,
including the month in which the member died;
- The
payment of any survivor benefits.
Any
pension checks that were sent to the retiree that remain uncashed at the time
of death must be returned. If the pension check is cashed, reimbursement must
be made. A new check, if payable, will be issued to the last designated beneficiary
on record.
CPFPF
Annual Report (Most Recent)
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Prison
Officers' Pension Fund (POPF) Benefits
The
surviving widow or widower of a retired member will be paid an annual pension
equal to 25 percent of the member's average salary, plus 15 percent of average
salary for one child, 25 percent for two or more children. If there is no widow
or widower, or if the widow or widower dies or remarries leaving children of the
member, a pension will be paid to such children at the rate of 50 percent of average
salary to three or more children; 35 percent to two children; and 20 percent to
one child.
"Children"
means a deceased member's unmarried children under age 18 or of any age who, at
the time of the member's death, are disabled because of mental retardation or
physical incapacity, are unable to do any gainful employment because of the impairment,
and the impairment has lasted or can be expected to last for a continuous period
of not less than 12 months, as affirmed by the physicians of the fund.
When
a retired member dies, the named beneficiary may be entitled to:
- The accrued retirement allowance, which reflects
all monthly benefits due the retiree but which the retiree was unable to collect;
- The
payment of any survivor benefits.
Any
pension checks that were sent to the retiree that remain uncashed at the time
of death must be returned. If the pension check is cashed, reimbursement must
be made. A new check, if payable, will be issued to the last designated beneficiary
on record.