Know Before You Go - 20 and Out: The “Burnout Bill‪”‬ Financial Roll Call with James Fay

With one stroke of the pen, New Jersey Governor Phil Murphy has allowed approximately 8,000 PFRS members with 20 years of service to retire early.    



In this episode of Financial Roll Call, host James Fay discusses the legislation known as the “Burnout Bill” which allows public safety workers who will have 20 years of service within the next two years to retire with a pension, which they can start collecting immediately, regardless of their age. James expresses his concerns on issues that officers might face if they consider this retirement option without first developing a financial exit strategy.   



Having a plan might be the difference between success and failure.



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