Episode 23. NJ PERS Trustee Election with FMBA Local 49 Candidate Phil McMahon

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The general responsibility for the operation of the PERS is vested in the Board of Trustees under the provisions of N.J.S.A. 43:15A-17. The Board meets monthly at the Division of Pensions and Benefits in Trenton. The statute provides that no employee shall suffer loss of salary or wages because of serving on the Board.

PERS Board Responsibilities

  • Render decisions regarding Disability Retirement cases.
  • Review appeals pertaining to the denial of certain pension benefits.
  • Adopt rules and regulations to provide for the payment of benefits and collection of monies as required by statute.
  • Establish rules and regulations within the limitations of statutes and opinions of the Courts and the Attorney General, designed to prevent injustices and inequities that may arise in the operation of the Retirement System.
  • Resolve individual questions and appeals on the merits of each case in terms of statutes, opinions of the Attorney General, advice of the Actuary and cases cited by counsel as deliberated by the Courts.
  • View monthly and annual reports setting forth data such as assets and liabilities, income and disbursements, and statistical summarization of membership as documented by the Actuary.
  • View monthly and annual reports setting forth data such as assets and liabilities, income and disbursements, and statistical summarization of membership as documented by the Actuary.

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