News Flash

Posted on: June 4, 2020

Are You Ready for Police & Fire Contract Negotiations?

Could different contract provisions increase efficiency in your fire services? Is there a way to provide more effective policing, while lowering costs? And how much do your neighbors pay for police and fire protection? The answers to these questions can h...

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Pension & Benefits
Posted on: April 24, 2020

Pension Payment Reminder

The Division of Pensions and Benefits sent a reminder notice to all Certifying Officers reminding them that the annual pension contribution grace period for payment for both Public Employee’s Retirement System (PERS) and Police & Fire Retire...

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Pension & Benefits
Posted on: March 13, 2020

Action Needed: Senate Advancing PFRS 20 & Out Legislation

Please contact your Senator and urge them to oppose S-1017.

On Monday, the Senate Budget Committee is scheduled to consider S-1017 which permits a PFRS employee who is enrolled before or after the bill’s effective date to retire, regardless of ag...

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Pension & Benefits
Posted on: March 10, 2020

Senate Committee Unanimously Releases PFRS 20 and Out Legislation

On Thursday, the Senate State Government Committee unanimously released S-1017, which permits a PFRS employee who is enrolled before or after the bill’s effective date to retire, regardless of age, upon attaining 20 or more years of service cred...

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Pension & Benefits
Posted on: February 24, 2020

Healthcare Levy Cap Exclusion 2020 Budget

In Local Finance Notice 2020-02, the Division of Local Government Services (DLGS) noted that when preparing the property tax levy cap workbook the healthcare levy cap exclusion cannot be used for increases in healthcare costs resulting from decreases in e...

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Pension & Benefits
Posted on: December 23, 2019

20 & Out Expansion Poised for Senate Action

On Monday, the General Assembly approved A-6024. This bill, along with its Senate companion S-4297 would create an additional category of service retirement for Police Fire Retirement System (PFRS) employees. Under the bill, a PFRS emplo...

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Pension & Benefits
Posted on: October 11, 2019

PFRS Personnel Hire & Search

At its October 7 meeting, the Police and Fire Retirement System (PFRS) Board of Trustees appointed Gregory Petzold as the new Executive Director at an annual salary of $225,000. Petzold is currently the Deputy Chief of Staff of Intergovernmental Affairs i...

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Pension & Benefits
Posted on: September 24, 2019

Looking Ahead to Lame Duck: Path to Progress' Pension Hybrid Plan

As noted in the Path to Progress Report, “the State’s combined pension and retiree health benefit liabilities of $151.5 billion are four times the size of the State’s annual budget; and more than three times the size of the State’s bonded debt. That publi...

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Pension & Benefits