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VICE PRESIDENTS CORNER

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PRESIDENTS MESSAGE


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Important new information from Wendy Jamison, Secretary for the Board of PFRS on training requirements to me met to remain in the System.

Training Requirements for PFRS
Eligibility and Enrollment

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PENSION LOANS
INFORMATION, ESTIMATES, AND APPLICATION

PLEASE NOTE

Interest Rates and Fees

Loan Applications received during calendar year 2009
For eligible borrowers, the interest rate for 2009 will be 3.33% per annum on the declining balance of the loan.
The administrative processing fee remains set at is $8.00.

Loan Applications received through December 31, 2008
For eligible borrowers, the interest rate for loan applications received in 2008 is 4.69% per annum on the declining balance of the loan. The administrative processing fee is $8.00.


EFFECTIVE NOVEMBER 1, 2008, paper Loan Applications are no longer accepted — All PERS, TPAF, PFRS, or SPRS members who wish to borrow against their pension accounts, must submit the loan request using the Pension Loan Application of the MEMBER BENEFITS ONLINE SYSTEM (MBOS).

LINE OF DUTY DEATH

MI - Oak Park Police

Police Officer Mason Samborsky
Oak Park PD, MI
End of Watch: Sun. Dec. 28, 2008


ROB NIXON'S CORNER

BREAKING NEWS

Pension Deferral Proposal Held in Senate

 The New Jersey Senate today held without a vote a legislative proposal that would have permitted local governments to skip $1.3 billion in pension payments over the next 3 years. The bill, Senate Bill 7, was opposed by the State PBA and State PBA President Wieners testified against it in the Senate Budget Committee last week. This testimony has been credited for calling into question the fiscal impact the deferral would have had on the pension system.

 The bill could still be voted on in the Senate in 2009 and the State PBA will be on top of this or any similar proposal that would undermine the health of the pension system.


LATEST UPDATES

Several New State Event

Clifton Local 36 Steakbake

New Deals at Freehold Ford

Serving Abroad

State Sports Events

Long Branch PBA10 Steak Beak


IRS PENSION FIGHT

State PBA activity on IRS rule regarding Public Safety Employee retirement age.
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