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 Retirement System (PFRS) ends May 1, 2020. Any payment received after May 1, 2020 will have the statutorily set interest rate of 10% per annum levied. We suggest you review this payment with your Chief Financial Officer and Administrator.
Contact: Lori Buckelew, Senior Legislative Analyst, lbuckelew@njlm.org, 609-695-3481 x112.