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POLICE AND FIREMEN'S RETIREMENT SYSTEM
September 25, 2006
ORDER OF BUSINESS

Notice of this open public meeting has been provided through the notice of the scheduled meetings of the Board filed with and prominently posted in the offices of the Secretary of State. This special meeting schedule was mailed to the Secretary of State, Star Ledger and the Trenton Times on August 7, 2006.


OPEN SESSION


Called to Order: 10:05 a.m.

Adjourned:  1:45 p.m.

Roll Call:

Mark Kandrac; John Sierchio; Dennis Connelly; Rich Mikutsky; Frank Leake (left at 1:40 p.m.); Fred Beaver (left at 11:20 a.m.); Tom Murphy; Vince Foti; Sherryl Gordon (left at 12:30 p.m.)


Absent: Joe Boucher, Nicole Fava

Also Present: DAG Susanne Culliton (arrived at 11:40 a.m.); DAG Christine Lucarelli
   
Division Staff: Wendy Jamison; Gail Griffin; Mike Czyzyk; Virginia Martucci, Marylou Mayoros; John Megariotis; Fred Polio; Janice Nelson; Joseph Reilly
   
Union Groups, Counsel, etc.:
 

Mark Gangi, Local 172 Pequannock; Jeffrey Sims, Paterson PBA Local 1; George Borek, IAFF; Regina Herz


OPEN SESSION

Miscellaneous Issues

B-1

Review of Creditable Compensation - The Board made a motion to make changes to N.J.A.C. 17:4-4.1 (a)(2)(vi; ix; x and xiii). The Division will provide the proposed changes for the Board’s review at its November 13, 2006 meeting.
(Motion by Trustee Foti; seconded by Trustee Sierchio)

  The following documents were reviewed by the Board:
  The History of Creditable Compensation
 
a.
N.J.S.A. 43:16A-1(26) (Statute);
 
b.
N.J.A.C. 17:4-4.1 (Regulation);
 
c.
Creditable Compensation Comparison Chart;
 
d.
N.J.A.C. 17:4-4.1 (1) Trustee Foti’s comments (2) Public Comment by Paul Kleinbaum;
 
e.
Memo regarding creditable compensation issues;
 
f.
Appellate Division Decision regarding Donald G. Wilson - Optional Longevity after 20 years;
 
g.
Appellate Division Decision regarding Pennsauken FOP Lodge #3 - Senior Officer Pay;
 
h.
Appellate Division Decision regarding Joseph Inganamort PFRS - Training
Officer;
 
i.
Pequannock Twp. and Pequannock PBA Local 172 - Contract for January 1, 2002 through December 31, 2005 (Sample case for discussion purpose only);
 
j.
Borough of Ramsey and Ramsey PBA Local 155 - Contract for January 1, 2003 through June 30, 2006 (Sample case for discussion purpose only);
 
k.
Manchester Twp. and Manchester Twp. PBA Local 246 - Contract for July 1, 2003 through June 30, 2007 (Sample case for discussion purpose only);
 
l.
Paterson PBA Local 1 and Paterson SOA Local 1 – Contract for August 1, 1998 through July 31, 2003 (Sample case for discussion only);
 
m.
Edison Twp. and Edison Twp. IAFF Local 2883
Edison Twp. and Edison Twp. SOA Local 75
Edison Twp. and Edison Twp. IAFF Local 1197
Edison Twp. and Edison Twp. Local 75
Contract for January 1, 2001 thru December 31, 2004
(Sample case for discussion only);
 
n.
N.J.A.C. 17:4-4.1 Trustee Sierchio’s comments;
 
o.
Fact Sheet #56 on Creditable Compensation;
 
p.
Minutes from the March 27, 2006 meeting;
 
q.
Memo from ME Rathbun dated September 21, 2006, regarding stipends;
 
r.
1996 Creditable Salary Rule N.J.A.C. 17:4-4.1.

"+" Indicates personal appearance
"=" Indicates items not mailed

The next regular meeting of the PFRS Board will be October 16, 2006.

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Division of Pensions and Benefits
PO Box 295
Trenton, NJ 08625-0295

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Last Updated: May 28, 2010