US - New Jersey local government employers will have the option to defer a portion of their annual pension contribution to the Public Employees' Retirement System (PERS) and the Police and Firemen's Retirement System (PFRS) for one-year.
Under the bill approved yesterday by the New Jersey Senate, local employers would be allowed to pay 50% of the full pension contribution amount required in the fiscal year ending 30 June 2009. F...
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