PFRS BENEFIT ENHANCEMENT On May 15th, Governor Murphy conditionally vetoed S-3090 (Gopal D-11/Lagana D- 38)(DeAngelo D-14), which would provide for a retirement allowance after 20 years of service regardless of age for members of the Police and Firemen’s Retirement System (PFRS). NJAC along with the New Jersey State League of Municipalities (NJLM) and the Government Finance Officers Association of New Jersey (GFOA) oppose this legislation and appreciate the Governor taking steps to protect the long-term health and viability of the pension system. The Governor’s conditional veto states in part...

Earlier this week, NJAC testified before the Senate Budget and Appropriations Committee concerning Governor Murphy’s proposed Fiscal Year 2024 State Budget where the Association noted its support for full funding of the State’s retirement systems along with monies to offset health benefit premium increases imposed on local governments participating in the State Health Benefit Program (SHBP) and 911 funding for all 21 counties. HEALTH BENEFITS The Association contends that the $200.0 million in federal pandemic relief funds included in the Governor’s proposed budget and intended to mitigate t...

PFRS BENEFIT ENHANCEMENT On March 20th, NJAC, the New Jersey State League of Municipalities (NJLM), and the Government Finance Officers Association of New Jersey (GFOA) testified in opposition to S- 3090/A-4498 (Gopal D-11/Lagana D-38)(DeAngelo D014) before the Senate Budget and Appropriations and Assembly State and Local Government committees. In summary, this legislation would provide for a retirement allowance after 20 years of service regardless of age for members of the Police and Firemen’s Retirement System (PFRS). NJAC is primarily concerned with the facts that this legislation would ...