News Flash

Posted on: April 27, 2021

Governor Signs 20 and Out Legislation

On Monday, Governor Murphy signed into law P.L. 2021, c. 52 which permits police and firefighters to retire after 20 years of service regardless of age and receive a pension allowance equal to 50% of their final compensation. This benefit will only apply ...

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Pension & Benefits
Posted on: April 20, 2021

Police and Fire Retirement (PFRS) Board Meeting

At the April 12 Police and Fire Retirement (PFRS) board meeting, the PFRS Board’s Investment Committee noted they were reviewing the illiquid assets in the portfolio and status of comingled accounts.The Board favorably reported on the recommenda...

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Pension & Benefits
Posted on: March 26, 2021

Local Part PERS Legislation Advances

Early this week legislation sponsored by Senate President Sweeney that would divide the Public Employees’ Retirement System (PERS) into two parts: a State PERS for state employees and a Local PERS for all other employees (S-3522) was considered and releas...

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Pension & Benefits
Posted on: February 26, 2021

Your Action Needed: PFRS 20 & Out in Assembly on Monday

On Monday, the full Assembly will consider A-2562/S-1017, which permits a PFRS employee who is enrolled before or after the bill's effective date to retire, regardless of age, upon attaining 20 or more years of service credit and would allow that employee...

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Pension & Benefits
Posted on: January 11, 2021

Governor signs PFRS Enhanced Benefits for Surviving Spouses Act

Yesterday, Governor Murphy signed S487, the “Dominick Marino PFRS Enhanced Benefits for Surviving Spouses Act”. This legislation expands accidental death benefits provided to widow of a PFRS member. The benefit paid will now be either 70% of the compensat...

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Pension & Benefits
Posted on: June 4, 2020

Are You Ready for Police & Fire Contract Negotiations?

Could different contract provisions increase efficiency in your fire services? Is there a way to provide more effective policing, while lowering costs? And how much do your neighbors pay for police and fire protection? The answers to these questions can h...

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Pension & Benefits