PFRSNJ Board moves closer to transfer of fund assets

The Board approved the final steps to adopt the regulations, a groundbreaking achievement in setting the course for the transfer of fund assets and independent control over by the PFRS Board. Senior Board leadership and management are in ongoing discussions with the Governor’s office regarding the next steps of the asset transfer. The Board’s regulatory attention will now shift towards administrative regulations and the proposed modifications to the break-in-service rules. 

New Jersey Firefighters Mutual Benevolent Association