A3296 — Credits increases in employee contributions required by P.L.2011, c.78 as additional contributions to TPAF, JRS, PERS, PFRS, and SPRS unavailable to reduce normal contributions of State and local employers for actuarial valuations beginning July 1, 2015.

A3296 — Credits increases in employee contributions required by P.L.2011, c.78 as additional contributions to TPAF, JRS, PERS, PFRS, and SPRS unavailable to reduce normal contributions of State and local employers for actuarial valuations beginning July 1, 2015. · Informed CitizenryThis bill amends the statutes governing five state-administered retirement systems (TPAF, JRS, PERS, PFRS, and SPRS) to change how employee contribution increases are treated in actuarial valuation…Open in Informed Citizenry