For members looking to stay overnight at the Golden Nugget for Valor Awards Banquet on Nov. 23rd:
-NJ PBA members are to call the Golden Nugget Reservation Department directly at 1.800.777.8477 and select option 3 to be connected to a Guest Service Agent
-Members are to identify themselves as attending the PBA Valor Awards over the dates of Nov 22-24, 2013 or group code: APBA13 to get the discounted rate
-$159++ single or double occupancy. The ++ denotes 14% tax ($22.26) + Tourism/Occupancy/Resort Fees ($10.00) = $191.26 inclusive per room per night
-A credit card is required at the time of making the reservation and will be charged one night’s room rate as a deposit to guarantee the reservation
-All reservations that need to be cancelled must be cancelled at least 48 hours prior to arrival date to have the initial deposit credited to their card
-Any reservations cancelled within the 48 hour time frame will be charged the initial room rate
-Reservation cut-off date is Friday, November 15th, 2013 – any reservation request after that date will be made based upon availability at the current hotel selling rate.
****County Conference Chairman are requested to get their table count to the state office by Nov. 15th.
PFRS Mortgage Loan Rate eff. 8/15/13 is now 3.64%
Active members of the New Jersey Police and Firefighter Retirement System (PFRS) with one year of creditable service are eligible for this program.
Members may buy a home (first-time or trade-up). Maximum mortgage amount is $417,000. Interest rate is 30 year fixed. Program rates are set semi-annually in February and August.
Effective August 15, 2009, funding is only available for First-Time Homebuyers and Trade-Up Buyers.
There is no funding available for refinances.
NJ State Health Benefits Committee Approves substantial Rate Increases
In a 3-2 vote (labor dissenting) the State Health Benefits Committee approved substantial rate increases for all plans overseen by them.
The increases came despite protest and a flurry of questions toward the amount the state, at the recommendation of Aon Hewitt
(the actuarial firm who is awarded its contract by the state treasurer) is holding in reserve.
While excess reserves will come back in future years as funds to stabilize future rates, it is basically done on an objective basis.
The actuary also made a statement that the claims had dropped last year but that the drop was due to Sandy.
Local Government Increases
These rate increases assume a claim trend increase across the medical plans as listed in the chart below.
These trends are based in the cost of health care inflation which traditionally is much greater than the normal inflation measurements that we see in the media……. download the full report here