News Flash

Budgeting

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 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.

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