09/10/2026
On 09/08/2026, the PFRS introduced a resolution to provide a pension enhancement to retirees. For more than a decade, retired police officers and firefighters have gone without a pension increase while the cost of living has continued to climb. This resolution provides crucial relief without increasing employer contributions or threatening the long-term health of the pension fund.
This was made possible through the continued work and partnership of the New Jersey State Policemen’s Benevolent Association (NJSPBA), the New Jersey Firemen’s Mutual Benevolent Association (FMBA) along with the pension trustees to find a responsible path forward—one that recognizes the needs of retirees while protecting the financial strength and long-term stability of the fund.
This action is responsible pension governance: protect the fund first, and when strong performance allows, make sure the retirees who earned these benefits share in that success. After more than a decade of waiting, this resolution delivers a 13th check in the amount of $3700 while maintaining the fiscal responsibility that protects the pension fund. This will be eligible for retirees that retired prior to June 1, 2024.
We thank the PFRS Trustees and will update our members at our convention next week.
