Bill Text: NJ A3454 | 2014-2015 | Regular Session | Introduced
Bill Title: Provides two elected members of pension commission of closed Hudson County Employers' Pension Fund may be active or retired county employees.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Engrossed - Dead) 2014-10-09 - Received in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee [A3454 Detail]
Download: New_Jersey-2014-A3454-Introduced.html
Sponsored by:
Assemblyman VINCENT PRIETO
District 32 (Bergen and Hudson)
SYNOPSIS
Provides two elected members of pension commission of closed Hudson County Employees' Pension Fund may be active or retired county employees.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning the membership of the pension commission of the Hudson County Employees' Pension Fund and amending R.S.43:10-10.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. R.S.43:10-10 is amended to read as follows:
43:10-10. There shall be in each county of the first class a pension commission of five members, consisting of the executive officer of the county (or the director of the board of freeholders if the county has not adopted the provisions of the "Optional County Charter Law," [(]P.L.1972, c.154[;] (C.40:41A-1 et seq.)), the chief financial officer of the county, and two persons who are either a county [employees,] employee who [are members] is an active member of the pension fund or a retired county employee who is receiving a pension under this act, R.S.43:10-1 et seq., [who] both of whom have been nominated pursuant to rules promulgated by the pension commission and elected at a meeting held by the county employees who are members of the fund and retired county employees who currently receive a pension from the fund after 5 days' written notice of the time and place thereof has been given by the executive officer of the county to all those member employees and retired employees of the county. The active member employees and retired employees may cast written ballots by proxy. The two commission members who are either a county member [employees] employee or a retired county employee shall hold office until their successors are elected at a meeting of the employees and retirees held on the third Wednesday of [the following December. Thereafter two county member employees shall be elected as members of the pension committee, in the same manner, on the third Wednesday of] December every second year, for a term of 2 years commencing January 1 following their election. The fifth member of the commission shall be a citizen of the county who is not a public officeholder in the county or any municipality therein, and shall be selected by the other four members of the commission. He shall hold office for the term of 1 year. In case of vacancy for any cause, the commission may fill it until the next election.
The commission shall hold its annual meeting between January 1 and 15 in each year and elect its president, a secretary whose compensation the commission may fix and pay out of the fund, and such other officers as it deems advisable. Notwithstanding any provision of this paragraph to the contrary, upon the adoption of a resolution by the pension commission, any person, who shall be or has been elected to the position of secretary to the pension commission for five consecutive terms may be granted tenure as secretary. Upon the adoption of such resolution, the secretary shall hold this position during good behavior and efficiency and shall not be removed therefrom except for good cause and then only in accordance with the provisions of [Title 11] Title 11A (Civil Service) of the Revised Statutes.
The pension commission shall be known as the "county employees pension commission of the county of ."
(cf: P.L.1979, c.351, s.1)
2. This act shall take effect immediately.
STATEMENT
This bill amends N.J.S.A.43:10-10 which establishes the membership of the pension commission of the Hudson County Employees' Pension Fund, which was closed to new members after January 10, 1974. Since that date, new Hudson County employees have been enrolled in the State-administered Public Employees' Retirement System.
Currently, this pension commission has five members: the executive officer of the county, the chief financial officer of the county, two active county employee members elected by active county employees, and a county citizen selected by the other four members of the commission. Since the active membership of this closed fund is decreasing, the bill provides that the two elected commission members may be an active county employee member of the pension fund or a retired county employee who is receiving a pension from the fund. Those two commission members will be elected by the active county employee members of the fund and the retired county employees receiving a pension from the fund.
The bill also deletes the provision for the initial election of the county employee members at the time the pension commission was established.
