PFRS PENSION TAKEOVER BILL UPDATE
Dear Brothers and Sisters,
New Jersey State Senate Bill "S5" (Transfer PFRS to Board of Trustees) will be introduced in committee this morning. After significant negotiations, the bill WILL include amendments that the PFANJ fought for to ensure more protections for the members of the PFRS. Although not all of the amendments that our pension attorney, actuary and the IAFF had recommended were agreed to, the included amendments will strengthen protections for PFRS members and their hard-earned benefits.
We will continue to work to ensure that this legislation does not adversely affect any members of the PFRS. And we will continue to update you with any developments.
Fraternally and united,
Dominick Marino, President
Professional Firefighters Association of New Jersey