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July 14, 2011

Re:      I.          Governor Issues Pension Savings by Municipality
           II.         August 16th Pensions and Health Benefits Law Seminar – Limited Seating Still Available

Dear Mayor:

I.          Governor Issues Pension Savings by Municipality

Today the Governor’s Office issued a press release touting that the recent pensions and health benefits reform law will result in $43 million in pension cost savings across local governments for Fiscal Year 2012. 

According to the press release, these reforms mean “critical savings for state and local governments and real property tax relief for New Jerseyans”. 

A breakdown of Fiscal Year 2012 pension cost savings for each local government in New Jersey can be accessed at www.state.nj.us/treasury/pensions/epbam/exhibits/pdf/2012-pers-comparison-revised-78.pdf.  The breakdown shows a comparison of required contributions for State Fiscal Year 2012 Pre and Post pensions and health benefits reforms.  Please note that the breakdown is only for the PERS.

We have reached out to the Division of Pensions and Benefits requesting similar information for PFRS.

 

II.        August 16th Pensions and Health Benefits Seminar – Limited Seating Still Available

LEAGUE PROFESSIONAL DEVELOPMENT PROGRAM
“Understanding the New Pensions and Health Benefits Law”
Tuesday, August 16, 2011

8:30a.m.-12:00p.m.
Crowne Plaza Monroe (Jamesburg)
390 Forsgate Dr, Monroe Twp, NJ 08331

CEUs – CMFO/CCFO-3.0 Office Management and Ancillary; RMC-3.0 Professional Develpoment;CLE-3.0 Health Care*; CPA 3.0 Management Advisory Services

Registration Form: WORD or PDF

This program will quickly orient you on implementing the new pensions and health benefits contribution law.  You will learn employer’s responsibilities; implementation time frames; steps for compliance; how the new law impacts contracts in place or soon to be renewed and much more. 
Schedule
8:30a.m. – 9:00a.m. Sign-in, coffee & networking
9:00a.m. – 12:00p.m. –Presentation of Seminar topics, panel discussion, and questions and answers
Presiding Mayor: TBA
Presenters:
Florence J. Sheppard, Acting Director
NJ Department of Treasury, Division of Pensions and Benefits
Marc H. Pfeiffer, Deputy Director
NJ Department of Community Affairs, Division of Local Government Services
REGISTRATION FEE:      Member Rate:    $55.00* Non-Member:       $75.00
*Member rate applies to: Municipalities, State, County, and Municipal Utilities & Authorities. 
To register:
-Visit www.njslom.org and click on Services
-Select Calendar of Events, Go to the date you are attending
-Download registration form, complete and fax it with your voucher to (609) 695-0151
Questions about registering – contact Suzanne Delany SDelany@njslom.com or   609-695-3481 ext. 111

Very truly yours,

William G. Dressel, Jr.
Executive Director

 

 

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