Day: June 10, 2018

Gov. Murphy Conditionally Vetoes PFRS Reform Legislation

New Jersey Governor Phil Murphy has conditionally vetoed legislation that would transfer the management of the Police and Fire Retirement System (PFRS) to a Board of Trustees. In his veto message, Gov. Murphy proposed several significant changes to Senate Bill No. 5, which are summarized below.  Proposed PFRS Reform As discussed in