Pensions and UCIA PERS Refunds

P.L. 2007, c. 29, which became effective on January 1, 2008, was reform legislation “designed to ensure the system serves career public employees rather than political appointees” and to “cut out the entrenched core of abuse that has been corrupting our pension and benefits systems from within.” One of the components of the new law, N.J.S.A. 43:15A-7.2,  excluded professional services contractors, such as municipal lawyers, architects and engineers from enrolling in the state’s PERS pension system.

A lawyer in Cumberland County tried to get around this provision with the help of his employers and was caught which basically meant that the contributions he made into the New Jersey Public Employee Retirement System (PERS) were returned to him.  The attempt to game the system was deemed to be ethical by the Local Finance Board last month.

Which brings us to the Union County Improvement Authority (UCIA) check registry for 2016 with these intriguing entries:

ucia-pers refunds

The UCIA basically merged with the Union County Utilities Authority (UCUA) in 2013 under the “oversight” of ex-freeholder Daniel Sullivan. Putting data from the YourMoney website into a spreadsheet yields this listing of UCIA and UCUA employees:

UCIA-pay

Members of PERS made employee contributions of 7.06% of salary for the period 7/1/15 to 6/30/16. Working backwards from the $3,251.70 of PERS contributions made by Sullivan for the first 25 weeks of 2016 means that the salary those contributions were based on would have been $95,801 annually ($3,251.70 / .0706 x 52 / 25). Likewise the base annual salary for DaSilva upon which PERS contributions were calculated would have been $12,399 ($319.84 / .0706 x 52 / 19).

That’s as far as I get and, as there is nothing in the UCIA 2016 agendas on why these two UCIA/UCUA employees got their NJPERS contributions returned to them, unless one of you out there can think up an OPRA request that would yield that information we may never know.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: