
LOCAL PENSION SYSTEM PROTECTIONS
On Monday, the Senate Budget and Appropriations Committee favorably reported by a vote 8-0 SENATE BILL NO. 3522 (Sweeney D-3), which would establish a new board of trustees for the Local Part of the Public Employees Retirement System (PERS).
NJAC strongly supports this legislation and commends Senate President Sweeny for his leadership in introducing the measure as it would protect the long-term health and viability of the local pension system by establishing a new and balanced board of trustees for PERS with the ability to determine or modify benefits, d...
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