COUNTY AND MUNICIPAL PENSION PAYMENT INCREASES Earlier this month, the Division of Pension and Benefits in the State Department of Treasury released the 2021 local government employer billing statements for  the Public Employees Retirement System (PERS), which included double digit percentage increases in total contributions for 2021. Despite these substantial increases, the funded ratio of PERS unfortunately decreased according to the "Actuarial Valuation Report" prepared by Cheiron and submitted to the Division on April 23, 2020. Even more alarming for county and municipal employers tha...

911 FEE DIVERSION Although the Association will continue to serve our elected officials and professionals as a resource and advocate for county government on COVID-19 related matters as we begin to navigate our way through the ongoing public health crisis, we also plan to refocus our efforts on achieving many long term goals and objectives, some of which include: separating the local portion of the Public Employees Retirement System (PERS) from the State portion as was the case with the Police and Firemen’s Retirement System (PFRS) in 2018; promoting the regionalization of services at the...

ELECTRONIC BOND ORDINANCES On September 21st, the Senate Community  and Urban Affairs  Committee favorably reported SENATE, NO. 818 (Lagana D-38), which would permit the transmittal of certain proposed bond ordinances by electronic mail. Along the lines of similar NJAC legislative initiatives that were signed into law such as authorizing local governing bodies to pay employees by direct deposit and their bills by electronic fund transfer technologies, NJAC supports this important and timely legislation as it would streamline and modernize the antiquated bond notification process. Under c...