How much does the New Jersey pension exclusion affect you?

The average federal retirement income limit in New Jersey is $118,200.

That’s below the $200,000 threshold.

You can’t get that amount without a disability pension exclusion.

If you get a disability exemption, you’ll receive $30,000 less than the federal minimum.

So, if you have a disability, you will get less than $30 in federal retirement benefits.