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The PERS is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB) . Provisions of law The PERS was established by New Jersey Statute and can be found in the New Jersey Statutes Annotated, Title 43, Chapter 15A . Changes in the law can only be made by an act of the State Legislature . Rules govern-. Free spins slots

New Jersey Division of Pensions & Benefits Legal Affairs Unit P.O. Box 295 Trenton, NJ 08625-0295 The Divorce, Dissolution of a Civil Union and Your Retirement Benefits Fact Sheet can be obtained on our website. This fact sheet has been produced and distributed by: New Jersey Division of Pensions & Benefits P.O. Box 295, Trenton, NJ 08625-0295 The Division of Pensions and Benefits, specifically the Health Benefits Bureau and the Bureau of Policy and Planning, is responsible for the daily administrative …Nontaxable Retirement Income. Pension payments received because of permanent and total disability before age 65. However, the year you reach age 65, your disability pension is treated as ordinary pension income and must be reported; Military pensions and survivor's benefit payments, regardless of your age or disability status.Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...The TPAF is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB) . Provisions of Law The TPAF was established by New Jersey Statutes and can be found in the New Jersey Statutes Annotated, Title 18A, Chapter 66 . Changes in the law can only be made by an act of the State Legislature . Rules govern-Canara Bank, one of the leading public sector banks in India, has recently made some important announcements that ex-employees should be aware of. These announcements cover various...State of New Jersey • Department of the Treasury DIVISION OF PENSIONS & BENEFITS — BENEFICIARY SERVICES P.O. Box 295, Trenton, NJ 08625-0295 DESIGNATION OF BENEFICIARY — ALTERNATE BENEFIT PROGRAM (ABP) / DEFINED CONTRIBUTION RETIREMENT PROGRAM (DCRP) EB-0791-1022 Original form must be submitted in …15 Feb 2022 ... ... division of pensions and benefits under civil service. So, that's ordinary. If you're in public employees and teachers, you're eligible for ...New Jersey Division of Pensions & Benefits Attn: Wendy Wise-Whitfield P.O. Box 295 Trenton, NJ 08625-0295. Fact Sheet #83 March 2019 Page 2 This fact sheet is a summary and not intended to provide all information. Qualified Domestic Relations Order QDROApr 1, 2024 · 12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. The interest rate is determined using the Prime Rate (8.5 percent) plus 2.5 percent. [email protected] or call (609) 292-7524. The SACT office will answer your questions and for-ward account information and any necessary forms. This fact sheet has been produced and distributed by: New Jersey Division of Pensions & Benefits P.O. Box 295, Trenton, NJ 08625-0295 (609) 292-7524 For the hearing impaired: TRS 711 (609) …If writing to change your address, use the Change of Address Form or send your change of address information in a letter to Pension Payroll, Division of Pensions & Benefits, P.O. Box 295, Trenton, NJ 08625-0295. Include your name, retirement number or the last four digits of your Social Security number, both the old and new addresses, the …Dec 1, 2021 · The Teachers' Pension and Annuity Fund (TPAF) is open to employees of boards of education and the State who must be certified or credentialed as a condition of employment. The Police and Firemen's Retirement System (PFRS) requires membership of all police officers and firefighters appointed after June, 1944, in municipalities where local police ... Apr 1, 2024 · The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. Some options include: Retrieving your Personal Benefits Statement. Designating a Beneficiary. Getting a Pension Loan. Applying for Withdrawal. Department of the Treasury Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...An Office of the State Comptroller (OSC) investigation has found that the Division of Pension and Benefits (DPB) within the Department of the Treasury has effectively enforced a 2007 law that was enacted to prevent abuses involving professional services providers (PSPs) in the Public Employees’ Retirement System (PERS), the …The PERS is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB) . Provisions of law The PERS was established by New Jersey Statute and can be found in the New Jersey Statutes Annotated, Title 43, Chapter 15A . Changes in the law can only be made by an act of the State Legislature . Rules govern-State Employees — To be eligible, you must be a full-time employee of the State of New Jersey or be a full-time appointed or elected officer of the State (this includes employees of a State agency or authority and employees of a State college or university). To be considered full-time you must work at least 35 hours per week. ... Division of ...Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ... The PERS, TPAF, PFRS, SPRS, and JRS are established as qualified governmental defined bene-fit plans in accordance with IRC Sections 401(a) and 414(d). New Jersey State-administered retirement systems generally do not permit the payment of re-tirement benefits without a complete severance from your employer. 12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. The interest rate is determined using the Prime Rate (8.5 percent) plus 2.5 percent.The Division of Pensions & Benefits (NJDPB) is pleased to announce the addition of six NEW. Webinar topics for retirement system members. These are in ...Employees who are enrolled in the pension system, can create an account on the Member Benefits Online System (MBOS). Once there, you can register by following ...Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...When it comes to construction projects in Medford, NJ, finding the right contractor is crucial for ensuring a successful and stress-free experience. With so many options available,...Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...The PFRS is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB). Provisions of Law The PFRS was established by New Jersey Statutes and can be found in the New Jersey Statutes Annotat-ed, Title 43, Chapter 16A . Changes in the law can only be made by an act of the State Legislature . Rules gov-Of the major retirement systems administered by the New Jersey Division of Pensions & Benefits (NJDPB), seven are categorized as defined benefit plans and two as defined contribution plans. ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524.The purpose of this fact sheet is to outline the duties and responsibilities of public employers, the retire-ment systems’ Boards of Trustees, the New Jersey Division of Pensions & Benefits (NJDPB), and other State and municipal agencies when addressing the issue of honorable service in cases of alleged mis-conduct by a retirement system …Certain benefits or prescription drugs may require precertification prior to receiving services or purchase. Please contact the health plan for details. If you have questions or concerns about the information presented, please write to the Health Benefits Bureau, Division of Pensions & Benefits, P.O. Box 299, Trenton, NJ 08625-0299Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...When it comes to purchasing a new or used car, finding the right financing option is crucial. Many people turn to local auto lenders in Toms River, NJ for their financing needs. Th...A: If you experience a Qualifying Life Event, you can make changes at mynjbenefitshub. To do so, click on Change My Benefits and choose Life Event from the dropdown menu. If you need to make a plan change, click on Change My Benefits and choose Plan Change. Retirees must remain in their selected plan for 12 months before they can change plans ...State of New Jersey • Department of the Treasury DIVISION OF PENSIONS & BENEFITS — ExTErNal auDIT SECTION P.O. Box 295, Trenton, NJ 08625-0295 EE-0904-0318 NOTIFICaTION OF EMPlOYMENT aFTEr rETIrEMENT DO NOT WrITE IN THIS BOx LOCATION NO. MEMBERSHIP NO. This form is to be completed by the employer and …You must attach a screen print of the member’s TREADHOC biweekly certification with salaries projected until termination date. Submit this certification to: New Jersey Division of Pensions & Benefits Retirement Bureau P.O. Box 295 Trenton, NJ 08625-0295.New Jersey Division of Pensions & Benefits Health Benefits Bureau P.O. Box 299 Trenton, NJ 08625-0299 Eligibility Requirements 1. The child must be unmarried. If the child marries after approval of continued coverage, the coverage will terminate. 2. The child must be regarded by the SHBP or SEHBP Medical Advisors as incapable of self-sustaining10 Nov 2021 ... “Allowing independent contractors to draw down pension benefits drains New Jersey's pension system and requires taxpayers to pay a pension to ...Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ... The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. Some options include: Retrieving your Personal Benefits Statement. Designating a Beneficiary. Getting a Pension Loan. Applying for Withdrawal. [email protected] or call (609) 292-7524. The SACT office will answer your questions and for-ward account information and any necessary forms. This fact sheet has been produced and distributed by: New Jersey Division of Pensions & Benefits P.O. Box 295, Trenton, NJ 08625-0295 (609) 292-7524 For the hearing impaired: TRS 711 (609) …The PERS is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB) . Provisions of law The PERS was established by New Jersey Statute and can be found in the New Jersey Statutes Annotated, Title 43, Chapter 15A . Changes in the law can only be made by an act of the State Legislature . Rules govern-Contact Empower or the NJSEDCP through the New Jersey Division of Pensions & Benefits in writing or call 1-866-NJSEDCP. The NJSEDCP office can answer your questions about the Plan and your ac-count, and can provide any necessary forms. Additional information on account and invest-State of New Jersey Plan Design Comparison Analysis for the SHBP and SEHBP – 5/15/23. Plan Design Comparison Analysis; Mid-Year Experience Analysis for Plan Year 2022. State Employee Group; Local Government Employer Group; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...The purpose of this fact sheet is to outline the duties and responsibilities of public employers, the retire-ment systems’ Boards of Trustees, the New Jersey Division of Pensions & Benefits (NJDPB), and other State and municipal agencies when addressing the issue of honorable service in cases of alleged mis-conduct by a retirement system …If writing to change your address, use the Change of Address Form or send your change of address information in a letter to Pension Payroll, Division of Pensions & Benefits, P.O. Box 295, Trenton, NJ 08625-0295. Include your name, retirement number or the last four digits of your Social Security number, both the old and new addresses, the …Results 1 - 10 of 562 ... employee benefits employee benefits ... See nj.gov/cannabis for more information. ... department/agency or by more than one section during that ... 12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. The interest rate is determined using the Prime Rate (8.5 percent) plus 2.5 percent. Login ID: Password: Forgot your login ID? Forgot your password? Need help? If you need to register for Unemployment Benefits please go to myunemployment.nj.gov. Unemployment services are only accessed through that site. Otherwise, register for myNewJersey services here: Division of Pensions and Benefits, Department of Treasury, NJ. May 2000 - Oct 2013 13 years 6 months. Trenton, NJ. Plan administrator for the Alternate Benefit Program, a defined contribution ...The cuts to promised benefits for current retirees would roll back a landmark law protecting pensions—and open the door for further cutbacks. By clicking "TRY IT", I agree to recei...Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...Of the major retirement systems administered by the New Jersey Division of Pensions & Benefits (NJDPB), seven are categorized as defined benefit plans and two as defined contribution plans. ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524.The PFRS is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB). Provisions of Law The PFRS was established by New Jersey Statutes and can be found in the New Jersey Statutes Annotat-ed, Title 43, Chapter 16A . Changes in the law can only be made by an act of the State Legislature . Rules gov-New Jersey Department of the Treasury. Division of Pensions and Benefits. ACCESS THE MEMBER BENEFITS ONLINE SYSTEM (MBOS) As a New …One State Street Square 1st Floor Trenton, New Jersey. The Division of Pensions and Benefits offers one-on-one counseling services to members ofthe retirement systems and other benefit programs. No appointments are taken. Counselors are available Monday through Friday (except State holidays) from 7:40 a.m. to 4:00 p.m.NJ DIRECT Forms – Horizon Blue Cross Blue Shield of New Jersey (BCBSNJ): Horizon BCBSNJ Wellness information and forms; NJ DIRECT Annual Physician's Certification ; Aetna Forms. ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ …Board Secretary - Division of Pensions & Benefits: William Tedder: N/A: Assistant Board Secretary - Division of Pensions & Benefits *Chairperson **Vice-chairperson ... Police and Firemen's Retirement System of New Jersey Board of Trustees - Term effective February 1, 2019. P.L. 2018, c. 55 (Chapter 55), established a new Police and Firemen’s ...12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. The interest rate is determined using the Prime Rate (8.5 percent) plus 2.5 percent.Apr 1, 2024 · The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. Some options include: Retrieving your Personal Benefits Statement. Designating a Beneficiary. Getting a Pension Loan. Applying for Withdrawal. E-MAIL MESSAGE — January 28, 2020. TO: Certifying Officers, Human Resource Representatives, and Benefit Administrators. FROM: New Jersey Division of Pensions & Benefits. SUBJECT: Retirement Seminar and Webinar Dates for your Employees. Please make this information available to your employees.ee0681. State of New Jersey • Department of the Treasury. DIVISION OF PENSIONS & BENEFITS — ENROLLMENT SECTION. P.O. Box 295, Trenton, NJ 08625-0295. ENROLLMENT APPLICATION FOR PUBLIC EMPLOYEES’ RETIREMENT SYSTEM (PERS) AND TEACHERS’ PENSION AND ANNUITY FUND (TPAF) MEMBERS. FOR …12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. ... The Division of Pensions & Benefits offers a schedule of webinars to help members of the PERS, TPAF, PFRS ...UPS Retirement is an important resource for anyone who has retired from the United Parcel Service. It provides retirees with important information about their benefits, including [email protected], or write to the New Jersey Division of Pensions & Benefits, P.O. Box 295, Trenton, NJ 08625-0295. Title: Medicare Reimbursement Online Document Submission Author: Division of Pensions & Benefits Subject: Medicare Reimbursement Online Document SubmissionOption D, a 25 percent joint and survivor benefit, provides a lifetime monthly payment to you. If your beneficiary is living at the time of your death, your beneficiary will receive 25 percent of your monthly retirement allowance for life. If your beneficiary dies before you, your retirement allowance will increase to the Maximum Option.State of New Jersey • Department of the Treasury DIVISION OF PENSIONS & BENEFITS — ExTErNal auDIT SECTION P.O. Box 295, Trenton, NJ 08625-0295 EE-0904-0318 NOTIFICaTION OF EMPlOYMENT aFTEr rETIrEMENT DO NOT WrITE IN THIS BOx LOCATION NO. MEMBERSHIP NO. This form is to be completed by the employer and …Whenever an employee transfers out of the Prosecu-tors Part, the Certifying Oficer of the employing location must fill out the appropriate State or county version of the PERS Prosecutors Part Change of Position Form. The completed form must then be submitted to the New Jersey Division of Pensions & Benefits, P.O. Box 295, Trenton, NJ 08625-0295.They also provide the ability to sort and filter in multiple ways, produce reports and charts and download complete or partial datasets as raw data. New Jersey Transparency Center - Pension data is published for both active and retired members of the Public Employees' Retirement System, Teachers' Pension and Annuity Fund, Police and Fireman's ...The Division of Pensions & Benefits offers a schedule of webinars to help members of the PERS, TPAF, PFRS, or DCRP understand their benefits on a variety of topics – in addition to planning for retirement. These webinars are live, interactive web presentations hosted by GoToMeeting that conclude with a brief Q&A period. ... Division of ...12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. ... The Division of Pensions & Benefits offers a schedule of webinars to help members of the PERS, TPAF, PFRS ...Option A, a 100 percent joint and survivor benefit, provides a lifetime monthly payment to you. If your beneficiary is living at the time of your death, your beneficiary will receive 100 percent of your monthly retirement allowance for life. If your beneficiary dies before you, your retirement allowance will increase to the Maximum Option amount.Your military pension is a well-deserved benefit, but as income it is taxed by the IRS. Learn more about military pension taxes at HowStuffWorks. Advertisement When you choose a li...When it comes to construction projects in Medford, NJ, finding the right contractor is crucial for ensuring a successful and stress-free experience. With so many options available,...The interest on a pension loan borrowed in 2024 has been set at 11 percent per year. Interest is charged on a loan at a commercially reasonable rate determined using the Prime Rate (8.5 percent) plus 2.5 percent and approved by the New Jersey State Treasurer. An administrative processing fee of $15 per loan also applies.Find out how to reach the Division of Pensions & Benefits by phone, email, live chat, or in person. Learn about the online and in-person … Visit the Virtual Benefits Fair to find additional information and refer to the checklist on the Annual Open Enrollment page. Be sure to attend a Health Plan Annual Open Enrollment Benefits webinar. If you are enrolling as a new hire, visit the New Hire Enrollment page. Review your 2023 coverage in your Benefit Summary. Pro Tip: Provide The Member Benefits Online System (MBOS) gives registered users internet access to pension and health benefit account information and online applications. Some options include: Retrieving your Personal Benefits Statement. Designating a Beneficiary. Getting a Pension Loan. Applying for Withdrawal."Div" tag elements provide HTML developers with containers, so you can format text and layouts in your web pages. The default setting for a div lets the text overlap over other div...

12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. The interest rate is determined using the Prime Rate (8.5 percent) plus 2.5 percent.. Riverbank zoo and garden

nj div of pensions and benefits

The TPAF is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB) . Provisions of Law The TPAF was established by New Jersey Statutes and can be found in the New Jersey Statutes Annotated, Title 18A, Chapter 66 . Changes in the law can only be made by an act of the State Legislature . Rules govern-New Jersey. The New Jersey Division of Pension and Benefits administers pension and other benefits for most public employees in the state, including …The General Electric Pension Plan pays a lifetime monthly benefit to retirees, generally starting at age 65, based on a combination of earnings history and length of service, accor... Division of Pensions & Benefits. Pensions. Active Employees; Employers; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. The State Police Retirement System (SPRS) is a defined benefit pension fund established in 1965 as the successor of the State Police Retirement and Benevolent Fund. All full-time troopers or commissioned or noncommissioned officers of the New Jersey Division of State Police appointed after July 1, 1965, are members of this system. Are you considering going on a cruise vacation? If so, have you thought about departing from Bayonne, NJ? Many travelers are discovering the benefits of cruising from this convenie...A law enacted in 2011 required employees to immediately begin to increase their contributions to the pension funds. In the case of PERS and TPAF, contributions ...A copy of the New Jersey Certificate of Domestic Partnership dated prior to February 19, 2007 (or a valid certification from another State or foreign jurisdiction that recognizes same-sex domestic partners) ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295Official Site of The State of New Jersey. Governor Phil Murphy • Lt. Governor Tahesha Way. NJ.gov; Services; Agencies; ... Division of Pensions & Benefits P.O. Box 295 Trenton, NJ 08625-0295 Call Center 609-292-7524. Site Maintained by Division of Revenue and Enterprise Services ...Participant Service Center representatives are also available Monday through Friday from 8:00 a.m. to 10:00 p.m. or Saturdays from 9:00 a.m. to 5:30 p.m. (Eastern Time) to assist you with questions about general account information, updates and transactions such as balances, funding options, beneficiary changes, and status of requests.... Division of Pensions and Benefits including due dates and penalties for noncompliance. ... Any member of the Police and Firemen's Retirement System of New Jersey ... Visit the Virtual Benefits Fair to find additional information and refer to the checklist on the Annual Open Enrollment page. Be sure to attend a Health Plan Annual Open Enrollment Benefits webinar. If you are enrolling as a new hire, visit the New Hire Enrollment page. Review your 2023 coverage in your Benefit Summary. Pro Tip: Provide Division of Pensions and Benefits, Department of Treasury, NJ. May 2000 - Oct 2013 13 years 6 months. Trenton, NJ. Plan administrator for the Alternate Benefit Program, a defined contribution ...12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. ... The Division of Pensions & Benefits offers a schedule of webinars to help members of the PERS, TPAF, PFRS ...The TPAF is a defined benefit plan administered by the New Jersey Division of Pensions & Benefits (NJDPB) . Provisions of Law The TPAF was established by New Jersey Statutes and can be found in the New Jersey Statutes Annotated, Title 18A, Chapter 66 . Changes in the law can only be made by an act of the State Legislature . Rules govern- 12.15.23 The pension loan interest rate for calendar year 2024 has been set by the New Jersey State Treasurer at 11 percent per annum on the declining balance of the loan. The administrative processing fee remains at $15.00 per loan. The interest rate is determined using the Prime Rate (8.5 percent) plus 2.5 percent. .

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