FMBA President Ed Donnelly (center) was elected chair of the new PFRS
Trustee Board.
of course, the only labor union president at the table. Addition-
ally, Lubin has a master’s degree in public administration with
a concentration in administrative law. He was headed into a ca-
reer in finance or law until 9/11 happened, and he decided to
become a first responder.
Colligan complimented the governor for appointing “very
qualified people,” noting the asset in doing so. “There should be
no misgivings that we want this to succeed,” he said. In addition
to Megariotis and Glidden, management reps include Nicola
Trasente, the CFO and director of finance/administrative ser-
vices for Somerset County, Susan Jacobucci, the administrator
for Paulsboro Borough in Gloucester County and Edward Oat-
man, county manager for Union County.
Members of the public, including NJ State PBA President Pat Colligan (left)
and Pension Benefits Coordinator Pete Andreyev, packed the room for the
historic first meeting of the new board.
“The management side has some really bright and respected
members and so do we,” Andreyev reiterated. “The people are
in place to ensure the system doesn’t fail.”
Check points
So the work has begun. Administrative items such as con-
firming meeting dates for the year, adhering to the state’s ethics
policy and establishing procedure for going into closed sessions
were completed at the first meeting.
Plans were also made to begin selection of professionals such
as a legal and tax counsel, independent actuary and indepen-
dent auditor. A firm has been retained to vet candidates for ex-
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■ FEBRUARY 2019 35