Morton Ira Greenberg
2017Annual
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What was filed
19
investments
0
positions
0
gifts
1
agreements
0
debts
0
reimbursements
1
income
0
spouse income
Named parties
- Inc. (see note)
- Issuer
- Pension from State of New Jersey
As filed
Life Ins. Washington Nat'l Ins. Co. (whole life) — Interest
Life Ins. Pacific Life Ins. Co. (whole life) — Interest
Life Ins. New York Life Ins. Co. (whole life) — Interest
Life Ins. Nationwide Life Ins. Co. of Am. (whole life) — Int/Div
Edison International common stock — Int/Div
Bank of America - Accounts — Interest
UBS Fin. Serv. Inc. MM Acct. (cash acct.) — Int/Div
Franklin New Jersey Tax Free Income Fund — Interest
Duke Ener. Corp. Common Stock — Int/Div
Spectra Energy Corp. Common Stock — Int/Div — with line 19) — Inc. (see note)
Kingsway Sch. Dist. Bonds — Interest
Bridgewater & Raritan Sch. Dist. Bonds — Interest
Princeton Twp — Interest
Bergen County Utility — Interest
Middlesex County Bonds — Interest — Redeemed — Issuer
Union County Bonds — Interest
Jefferson Twp. — Interest
Ocean City Bonds — Interest — Buy — Issuer
Enbridge, Inc — Int/Div
Agreement — 06/17/1987 — State of N. J. Judicial Retirement System (1987). On the first of each month receive a pension pymt. Med. pymts. are made as med. expenses are incurred.
Income — 27 — Pension from State of New Jersey — S41.179.44
I have the following explanations and information for the report. Paragraph [1 relating to agreements indicates that | have a pension from the State of New Jersey.
This is the same item listed as the pension in paragraph 11 relating to non-investment income. I am receiving a pension based on early retirement under the New
Jersey Judicial Retirement System Act, as | had more than 25 years of public service in New Jersey with more than five years as a Superior Court Judge. In view
of my more than 25 years of service, I am also entitled to medical coverage for myself and my wife without charge, which includes reimbursement for Medicare
charges. My medical insurance becaame Horizon Medicare Advantage on January 1, 2017. 1 also have prescription drug coverage from the State of New Jersey
for my wife and me without charge that is administered by an outside administrator. | understand that the State pays the actual cost for the prescription drug
coverage, The benefits also include life insurance and a pension for my wife if she survives me. The amount of the pension for my wife will be based on the salary
of a judge of the Appellate Div
on of the Superior Court as of the time of my death. While | previously believed that the life insurance also is based on the salary
of a Superior Court Appellate Division Judge at the time of my death T now realize that the insurance is based on my salary when I retired in June 1987. Both
paragraph 11 and paragraph 111 request “date.” The best date I can give is to explain that 1 became a Superior Court Judge on December 20, 1973, and served until
I retired in June 1987 when | became a judge on the Court of Appeals. | never entered into an individual written contract for the pension but was awarded it under
New Jersey law, The same is true for the medical coverage. Thus, the “agreement” has no particular date. | have shown the value of my life insurance policies,
Item VII, lines 1, 2, and 3, because there is a cash surrender value for the policies. While | previously regarded them as not held for investment or the production
of income but nevertheless voluntarily listed them, starting with the 2002 report | have reported the policies in accordance with the then new instructions for the
Financial Disclosure Report. | have taken the value codes from annual policy statements but note that 1 do not have information for line 1, Washington Nat'l Ins
Co, previously Bankers Nat'l, from the company for specific cash value. | thus have made my calculation based on my knowledge of the history of the policy.
The item for Pacific Mutual at item 2 includes two policies combined. | also have reported a Nationwide Life Ins. Co. of Am. policy at Item VII, line 4, that was
not regarded as held for investment or production of income but starting with the 2002 report has been shown as it has a policy value. In 2002 it was shown as
Provident Mutual but because of a name change is now Nationwide Life. T have taken the income amounts on the insurance policies from the IRS form 1099 where
applicable. Item 3 for New York Life Ins. Co. combines two forms of income for form 1099 purposes, (1) interest and (2) other distributions from pensions,
annuities, retirement or profit-sharing, IRAs and insurance contracts. If separated. cach would have an income value code of A. The policies listed as items 1, 2,
und 3 are whole life policies but except for the small policy in item 2 | do not have to make premium payments on them because of accumulated dividends and
interest. | had no transactions during 2017 other than a bond maturity and a bond acquisition that are listed above in the schedules to part VII. There were no
transactions on the insurance policies during 2017. The income on the policies was accumulated by the companies. | have not listed as an asset the value of my
interest in the New Jersey Judicial Retirement System under paragraph VII, as it was listed under paragraph 11 and the income from it was listed under paragraph
111. In Item VII, line 6, | list checking and money market accounts, and certificates of deposit with the Bank of America. | have aggregated the information for
that bank for the various accounts. Until February 27, 2017, I owned 292 shares of pectra Energy Corp. but on that day Spectra merged into Enbridge, Inc. and in
a tax free exchange, | received 287 shares of Enbridge. also received $14.00 in cash at the time of the merger § the number of shares | received in Enbridge did
not fully equal in value the shares 1 gave up in Spectra, During 2017 I received cash long term care benefits from Continental Casualty Company on my long term
care insurance policy but I have not reported the payments as 1 was advised on my inquiry that they are not reportable.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.