DIRECTOR, DIVISION OF PENSIONS
Career Family: DIRECTOR
As an unclassified state title, Director, Division of Pensions is filled by appointment, and its published pay band is more of a guide than a fixed grade.
The minimum is a bachelor's degree and 6 years of relevant experience.
How to apply
This title is not filled by examination โ agencies appoint directly.
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See where to apply for this title →Official job specification
The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.
Examples of work
- Develops recommendations for executive policy in public employee pensions.
- Establishes basic administrative policy within the Division and in the Division's relations with governmental units throughout the State.
- Has general supervision of the several retirement systems of State and local government agencies to assure that these agencies are complying with governing law and regulations.
- Has general supervision of the work operations and/or functional programs and has responsibility for effectively recommending the hiring, firing, promoting, demoting and/or disciplining of employees.
- Has general supervision of the establishment of new pension systems and coordinates the work of the Division with that of other State and local agencies.
- Acts as the representative of the Division at industry and other meetings and conferences.
- Interprets the operations of the several pension funds to employees, groups of employees and public officers.
- Meets with public officers and employees to explain the provisions of State and local retirement systems and the possibility of improvements in benefits, the possible solution of financial problems and the extension of Old Age and Survivors' Insurance.
- Directs the preparation of legislation related to the several employee benefit programs.
- Supervises the preparation of all of the comments and fiscal notes related to prospective legislation.
- Supervises the preparation of the administrative and corpus budgets.
- Supervises the preparation of the annual reports and all other literature emanating from the Division of Pensions.
- Supervises the review of all rules and regulations to assure uniformity of treatment.
- Recommends the regulations to be adopted for those programs such as the Central Pension Fund, the Pension Increase Program, the alternate Benefit Program and Social Security for which there is no board or commission; has general supervision for these programs.
- Supervises the work operations and/or functional programs and has responsibility for effectively recommending the hiring, firing, promoting, demoting and/or disciplining of employees.
- Supervises the preparation of research studies as they apply to public employee benefit programs in New Jersey.
- Supervises the preparation of detailed technical correspondence relating to the work of the Division.
- Has general supervision of the collection of data for the actuarial examination of local retirement systems and assists in the preparation of reports of such actuarial examinations.
- Supervises the preparation of all replies to correspondence requested by his superiors, inquiries from newspapers, members of the legislature and other public officials regarding the status of individual or group problems.
- Acts as the State Agency for Social Security in the collection of taxes and reports to be forwarded to the Federal Government under the terms of the Federal Social Security agreement.
- Approves an administrative procedures manual for the use of the several sections and for local government unit certifying agents and payroll staff.
- Acts as secretary of the State Health Benefits Commission, the Council of the Supplemental Annuity Collective Trust, and the State House Commission sitting as the Board of Trustees of the Judicial Retirement Systems.
- Conducts staff meetings with all administrative personnel and prepares work reports for his superiors.
- Directs the preparation of reports and supervises the maintenance of files.
Education
Graduation from an accredited college with a Bachelor's degree.
Experience
Six years of administrative experience in a public or private insurance, retirement, or pension system.
Knowledge, skills and abilities
- Thorough knowledge of the provisions of the several public pension and retirement systems in New Jersey and of the impact of the Social Security program thereon.
- Thorough knowledge of the Federal laws relating to Social Security and retirement systems.
- Thorough knowledge of the problems of establishing and developing enrollment, contribution and accounting procedures for the conduct of pension and retirement systems in New Jersey.
- Ability to read, write, speak and understand English sufficiently to perform the duties of this position.
- Ability to work harmoniously with associates.
- Ability to prepare reports and correspondence and supervise the maintenance of files.
- Good health and freedom from disabling physical and mental defects which would impair the proper performance of the required duties or which might endanger the health and safety of oneself or others.