News Flash

Pension & Benefits

Posted on: July 15, 2019

Recap of the July PFRS Board Meeting

At the July 8 Police and Fire Retirement System (PFRS) board meeting, the Board unanimously hired Robert Garrison as in-house legal counsel and appointed existing Division of Pensions staff to various positions needed to run the day-to-day operations of the system. The Board is in the process of reviewing the nine resumes received for the Executive Director position and will begin the interview process shortly. The Board also authorized the solicitation of quotes from firms offering to conduct the search for the Chief Investment Officer.

 Corey Amon, Director of Division of Investments, and Susan Sarnowski, Compliance Officer and Director of Operations, provided an update on the transition to the Board. The Division of Investments is in the process of opening separate accounts and subaccounts to facilitate the transition. Their goal is to have all trading funds open when the Board’s regulations are enacted.

 The next meeting of the Board is August 12.

 Contact: Lori Buckelew, Senior Legislative Analyst, lbuckelew@njlm.org, 609-695-3481, x112.


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