[k2at]

Was just told some distressing news which I would like to verify. I was just informed that because I am a former New Jersey State employee and receive a pension check from the State government, I will have to continually pay NJ State income tax even after I become a Florida resident. I was of the opinion I would be able to stop paying NJ income tax when I became a Florida resident even though the source of my pension is the State of New Jersey.

[gettin out]

How far will corzine go !!!! Thats why so many people leave new jersey when they retire!

[johnfarr]

I receive a State pension from CA and do not pay CA State tax on it. I'd call the NJ State pension folks to clarify.

[meriboo]

I receive and Illinois state pension and am not taxed on it....from Ill or down here in Florida. I sure would check on your dilemma.

[Army Guy]

I agree, check on it, that just doesn't sound right. Especially if you own no property.

Army Guy

[Ooper]

Check out this link, it may help. At least there are some kinks to contact.

http://www.state.nj.us/treasury/pensions/fact12.htm

There is one statment in it that also may help...

"If you live outside New Jersey, you are not required to pay New Jersey income tax on the pension you receive from the retirement system. ..."

[GEORGE J]

We receive a retired teachers pension check from NJ. We have lived in SC for the past 7 years and have paid no taxes to NJ (of course SC gets a chunk). We have just closed on a house in TV (Amelia) and will not have to pay taxes on the pension in FL.

[k2at]

U r all making me feel a lot better. I will get in contact with NJ pension and see what the real "scoop" is. Nothing about NJ would surprise me.

[JoeB1]

The state Public Employees Retirement System in CA. did this for many years. No matter where you moved they said they had the right to tax your retirement, since you made the money in CA. When you recieved the money you put in during your employment in CA, their felt it should be taxed at the CA rate.
A number of years ago a large number of retirees sued the PERS board and won. CA. has not tried that one again. So you have legal precident on your side, but hopefully it won't get to that. I think CA. already set the law for this situation, through all the suites brought from a variety of states.

Good luck.

[clyd709]

When I lived in Florida I received a Pension from Connecticut. Did not have to payState Tax in Florida so enjoy your Retirement with the few extra Dollars you will be getting from your Pension

[njbchbum]

Fact sheet #12 from the NJ State Treasurer's Office [http://www.state.nj.us/treasury/pensions/fact12.htm] states:

If you live outside New Jersey, you are not required to pay New Jersey income tax on the pension you receive from the retirement system. The Division of Pensions and Benefits does not withhold income tax for other states. Check with your home state's tax office to determine if your pension is taxable in your state of residence.

Hope this helps! Where did you work and when did you retire? I took the '08 buyout and danced my way out of L&PS! I had done a stint with the Dept of Personnel prior to L&PS. I still wake up at 5:30am - but now i just laugh my a** off and go back to sleep!

[k2at]

Your information is correct. I just got off the phone with a NJ pension representateve and was assurred that once I become a Florida resident, I fill out a Florida form and send it to New Jersey whereby they will cease taking out NJ State income tax. Boy, that is a relief.

Worked for the Dept of Human Services and then the Dept of Military and Veterans Affaires. I took the 2003 buyout package, which I believe is the same as the 08. Gave me 43 years of State service. That buyout was nice as I was going to retire when I did even before I was aware of a buyout. It was like putting icing on the cake.

[VEEMAN]

k2at.....I also worked for the State of New Jersey, have recently retired, and currently receive a pension from the State. During my entire career as an employee of the State of New Jersey, I resided across the Delaware River in the Pennsylvania. The two States, NJ & PA, had a tax reciprocity agreement regarding the payment of State taxes........my Pennsylvania State tax was deducted from my New Jersey paycheck and sent directly to the Pennsylvania Department of Revenue.
At this time, Pennsylvania does not tax my pension and to the best of my knowledge, neither will the State of Florida (when I get there...we bought a lot in Bonita).......some States do tax pension/retirement checks however. Under a separate response to you, njbchbum provided a link (treasury/pensions) for you to follow. It should answer most of your $$ questions.
I took the 08 buyout from Corzine and worked for the Department of Health.

[Bogie Shooter]

Originally Posted by k2at

Was just told some distressing news which I would like to verify. I was just informed that because I am a former New Jersey State employee and receive a pension check from the State government, I will have to continually pay NJ State income tax even after I become a Florida resident. I was of the opinion I would be able to stop paying NJ income tax when I became a Florida resident even though the source of my pension is the State of New Jersey.

Just wondering why you did not call NJ Pension Fund when You "were informed"?

[VEEMAN]

what do you other state pensioners have to say.................after 43 years as a State of New Jersey employee it is possible that k2at has suffered from "post traumatic stress" ???? lol