New Jersey Firefighters Mutual Benevolent  Association

HomeShopCommittees Contact UsBenefits LocalsCalendarBulletin Memorial

 

 

 
 
 
 
     
 
 

Firemen's Retirement System Report
 

 

 
  By- Rich Mikutsky, Pension Trustee  
 
 
   
 

Police & Firemen's Retirement System Report – December 2008

By- Rich Mikutsky, Pension Trustee
 

REGULAR RETIREMENTS- Service- 11. Special- 114. Total- $704,964.35

    By Fire Department:

    Atlantic City- 1 Belleville- 1 Camden- 1 East Orange- 1

    Hackensack- 1 Jersey City- 2* Newark- 2 North Hudson- 1

    Plainfield- 1 Trenton- 5 West Orange- 1

    * Former Executive Delegate

DISABILITY RETIREMENTS- Ordinary- 10 Accidental- 13

Accidental- Firefighter 17 years 5 months Hand Injury

Action- Approved Accidental Disability

Accidental- Firefighter 22 years 0 months Back injury

Action- Approved Accidental Disability.

OTHER BOARD BUSINESS-

Board accepted 3 Administrative Law Judge decisions that were appealed to the Office of Administrative Law. All three ALJ decisions affirmed the Board's original decision.

Affirmed ALJ Decision- Upheld Board ruling that former fire chief had to repay monies collected upon retirement to PFRS due to return to employment.

Board rejected one ALJ decision awarding Accidental Disability pension where Ordinary Disability was originally awarded.

Board approved 5 OAL hearing requests.

Board rules that entire pension of a Sheriff's Officer be forfeited due to member receiving stolen property. Member had 23 years 3 months.

REMINDER- The Division of Pensions has announced that as of November 1, 2008 they are NO LONGER accepting pension loan applications on paper. ALL applications MUST be submitted on-line through the Member Benefits On-line System (MBOS). This process should provide a turn around of less than a week from time of application to receipt of check. All members are urged to enroll in the MBOS system to keep up with their PFRS account. Register at: www.state.nj.us/treasury/pensions/mbosregister.htm


 

 
 
 
 

August 2008

 

ASSETS- $21,796,989,477.

FUNDED RATIO- 77.59%

REGULAR RETIREMENTS- Service- 11. Special- 82. Total- $479,754.61

By Fire Department

Brigantine- 1 Cherry Hill- 1 Jersey City- 2 Linden- 1

Newark- 2 Plainfield- 1 Rahway- 1

DISABILITY RETIREMENTS- Ordinary- 10 Accidental- 9

Ordinary- Firefighter PTSD (reconsideration) Action- Affirmed

Ordinary Disability

3 cases were reconsidered for Accidental Disability in light of recent Supreme

Court decision. Two failed to meet criteria for Accidental Disability. Continued

receiving Ordinary Disability pensions. Third was tabled for further information.

OTHER BOARD BUSINESSAttorney

General ruled in firefighter case from last month regarding vote of

Board allowing overage enrollment into PFRS. Board voted in favor of FF being

able to enroll into system. Vote was 5-3-3. Deputy Attorney General gave opinion

that, although the vote was a majority of those present, it was not a majority

of the full 11 members on the Board. After further review by the AG's office,

it ruled that a majority of the members voting is enough to pass or defeat

motions.

Firefighter, who was awarded Ordinary Disability in February 2008, requested

permission to file a new application for Accidental Disability. Request approved.

Initial application was filed by the city as a Involuntary Ordinary Disability.

Fire Captain requested to have retirement allowance based on salary he collected,

in part, as an acting Battalion Chief for 6 months prior to retirement. This

request was denied as per creditable salary rules in effect.

Administrative Law Judge upheld Board's decision denying the right of four

firefighters to purchase time not actually worked.

Board received PFRS experience study report for the period beginning July

1, 2004 and ending June 30, 2007. This study, done by the Actuary firm of

Buck Consultants, investigated the mortality and service experience of PFRS

members and beneficiaries. This study is done every three years.

 

 
 
 
     
     

Join Us

On Facebook

FLASH 2010
FLASH 2010
2010 FLASH

Bulletin
July

June 2010

*****

FIRE IS

DVD

 

Only $13.00

 

 

 

 

HomeShopCommittees Contact UsBenefits LocalsCalendarBulletin Memorial

 

©Copyright 2008 NJ State FMBA All Rights Reserved | Legal.
NJFMBA toolbar Get powered by NJFMBA

343