Day: April 19, 2018

PFRS Reform Bill Heads to Gov. Murphy

The New Jersey Legislature has approved legislation to reform the Police and Fire Retirement System (PFRS) by transferring management to a Board of Trustees. The PFRS bill now awaits consideration by Governor Phil Murphy.  As more fully detailed in a prior post, Senate Bill 5/Assembly Bill 3671 (S-5/A-3671) transfers management