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Contribute to PSMA PAC

In order for an organization to be effective it has to have a well-funded Political Action Committee (PAC). PSMA is not allowed to use dues to given donations to candidates and political parties. All monies used for that purpose come from a separate PSMA PAC which gets its funding directly from contributions by members. This past year the PSMA PAC made some very critical donations to legislators who ended up supporting us in our quest for union legislation.

This effort requires a small contribution from everyone. Please consider donating $2.00 or more per paycheck to the PSMA PAC. You can get a special PAC dues deduction card by e-mailing
info@psmanj.org, or directly from your payroll clerk. You can also send a donation to:

PSMA PAC
212 West State Street
Trenton, NJ 08608

OLS: Christie Cannot Invoke 'State of Emergency' To Cut Pensions

Despite his threat to take "extreme measures" to control rising pension costs, Gov. Chris Christie does not have the power to declare a fiscal "state of emergency" to make unilateral changes to the pension system, nor does New Jersey have the ability, like Detroit, to declare bankruptcy to get out from under its pension obligations, according to state and national authorities.

Christie warned during his annual State of the State address in January that the $600 million annual increase in state pension payments required through Fiscal Year 2018 as part of a seven-year ramp-up to the actuarially required funding level was crowding out spending on education, transportation, and other policy priorities.


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We Need You!



We need more managers who are eligible for IBEW representation to join PSMA and support this historic effort to develop the first contract for managers. Right now less than half of the eligible managers are providing financial support for contract negotiations and it is not fair. Please make an extra effort to get eligible managers off the sidelines and encourage them to participate. We need them to show support which in turn provides strength in numbers as well as financial support by signing up for bi-weekly payroll deductions of only $13.00 per pay period. Also note: PSMA is providing an incentive to our existing members by providing a $100.00 bonus (see below) in exchange for each new member recruited. Please get your colleagues to stand up and support the contract negotiations effort.


Retired Managers' Network Update



Reminder - Retiree dues bills were sent out in January - please remit your payment and also please include a separate check for the PSMA PAC!

As many of you are aware a number of long-time PSMA members have retired from the State. While this has been a loss to PSMA we all understand that this is part of life - especially for State workers. We strongly encourage these recent retirees to join the Retired Managers' Network. If you know of a retired manager, please have him or her go to here
for more information.
for more information.

 
 
Welcome to the Public Sector Managers' Association

The Public Sector Managers' Association, Inc. (PSMA) has been recognized by the State of New Jersey as the Constitutional Representative of all non- aligned/non-union managers in New Jersey government as of November 13, 1993 pursuant to Article 1, Paragraph 19 of the New Jersey State Constitution. PSMA's responsibility under that provision is to serve as a vehicle for two-way communication between the State as an employer and its managerial employees. The representation, however, is limited to managers who are dues-paying members of the State government. Recently, PSMA has partnered with the International Brotherhood of Electrical Workers (IBEW) and has been certified by the Public Employment Relations Commission as the representative of certain manager titles in State government as of December 8, 2010. PSMA will continue to operate as a partner of the IBEW until a contract with the State is achieved. At that point the organization will be reformed.

PSMA's mission is to serve all non-aligned/union managers in New Jersey government by achieving and maintaining superior and ethical management service; promoting a high regard for our managers by those outside and within the government; and restoring equity to the human resource policies and practices of New Jersey government as they relate to managers.

IBEW Negotiation Progress

On Thursday, April 10, 2014 the IBEW Local 30 Negotiations Team attended an all day collective bargaining session with State representatives. As a result of this effort significant progress was made. The primary discussion topic during this bargaining session was compensation and wages. We began at 10:00 AM and continued all day until 8:00 PM. It was a very long, productive day bringing us closer to achieving the first contract for NJ State managers.

While we still have two additional articles to discuss and finalize, we will be working hard to get these completed as soon as possible. Once the entire contract has reached "Tentative Agreement " status there will be information sessions scheduled followed by contract ratification (membership voting).

Thank you for your continued support and patience.

IBEW Negotiating Team

New Member $100 Bonus



Earn $100 for every new member that you refer that enrolls in PSMA.

1. New member must complete a payroll dues deduction card and submit it to their payroll office.

2. The new member must also complete a PSMA membership application (available from www.psmanj.org ) and mail the application to the PSMA at 212 West State Street, Trenton, NJ 08608. The membership application must list the name of the PSMA sponsoring member in order to be eligible for the $100.00 recruitment rebate.

3. The Executive Director will issue the rebate to the sponsor upon receipt of payroll deduction verification and the completed membership application with the sponsor's name.
US public pensions need more than investment windfall


Double-digit annual returns for most US public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data.

Thanks to a robust stock market, most systems have enjoyed windfalls recently, with investment returns far exceeding projections. Even so, many are still struggling with shortfalls. In some cases, they have worsened as state contributions fail to keep pace with what is needed to pay beneficiaries.

Roughly half of US state pension plans have worrying gaps between what they have promised retirees and the funds on hand to pay benefits, according to most analyses.

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Civil Service Commission Reproposes Banding Rule

Despite Legislative resolutions invalidating the Civil Service Commission's "job banding" rule proposal, the Civil Service Commission continued with a public hearing on February 26, 2014 on a revised rule. The rule was significantly revised from its earlier proposal therefore the process was restarted.

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Oklahoma House OKs Defined Contribution Pension Bill


The Oklahoma House has passed legislation to replace traditional public employee pension plans with a 401(k)-style retirement plan for many new state workers.

The House passed the measure 57-42 Tuesday and sent it to the state Senate, which has already approved similar legislation.

Under the bill by Republican Rep. Randy McDaniel of Edmond, state workers hired after Nov. 1, 2015, would be shifted from the current defined-benefit pension plan to the 401(k)-style defined-contribution plan. The change would not apply to teachers or public safety employees like police officers and firefighters.

Supporters say the bill will help reduce the estimated $11.6 billion in unfunded liability in the state's public pension systems. Opponents say eliminating the pension will make saving for retirement riskier for state workers.

What does this mean for PSMA Managers?

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Gov. Christie Retroactively Cuts State Pension Payment


Facing another year of fiscal problems, Gov. Chris Christie unilaterally changed the funding formula for the state's pension contribution so that he could cancel $93.7 million in previously budgeted pension payments due in June, cut next year's pension bill by $150 million, and put $900 million less into the underfunded pension system by the end of his term.

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PSMA Announces 2014 Annual Scholarships $5,000 | MAY 9, 2014 Deadline


The Board of Directors has unanimously voted to continue and expand the PSMA College Scholarship program. This year's program will provide four scholarship opportunities to children of PSMA members - three $1,500 scholarships based on merit, and one $500 award that will be randomly chosen from all complete and qualified applications, at our annual meeting.

Scholarship applications and requirements may be obtained BY CLICKING HERE. The deadline for filing the application is May 9, 2014. Questions related to the program may be addressed to info@psmanj.org.
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