News Flash

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
Posted on: April 24, 2020

Pension Payment Reminder

The Division of Pensions and Benefits sent a reminder notice to all Certifying Officers reminding them that the annual pension contribution grace period for payment for both Public Employee’s Retirement System (PERS) and Police & Fire Retire...

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Pension & Benefits