Source: https://www.scribd.com/document/74591150/Morton-I-Greenberg-Financial-Disclosure-Report-for-2010
Timestamp: 2017-03-28 02:08:17
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Matched Legal Cases: ['§ 101', 'art 8', 'art 8', 'art 8', 'art 8', 'art 8', 'art 8', 'art 8', 'art 8', '§ 501', '§ 7353']

Morton I Greenberg Financial Disclosure Report for 2010 | Income | Insurance
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2. Court or Organization Circuit Court, Third Circuit
5a. Report Type (check appropriate t~’pe) ] Nomination, Date [] Annual [] Final
Report Required by the Ethics in Government Act of1978 (5 U.S.C. app. §§ 101-111)
I. Person Reporting (last name, first, middle initial) Greenberg, Motion I.
4. Title (Arlicle Ill |udges indicate active or senior status; magistrate judges indicate full- or part-time)
3. Date of Report IM/I 9/2011 6. Reporting Period 01/01/2010 to 12/31/2010
7. Chambers or Office Address 219 United Slates Coutihouse 402 East State Street Trenton, New Jersey 08608
8. On the basis of the information contained in this Report and any modifications pertaining thereto, it is, in my opinion, in compliance with applicable laws and regulations. Reviewing Ollicer Date
IMPORTANT NOTES: The instructions accompanying this form must be followe,t Complete ali parts,
II. AGREEMENTS. ~R,po,ang indivUuol only: s,, p~. 14-t6 of filing instructions.)
1. See Note 2. 3.
State of New Jersey Judicial Retirement System (1987)
Greenber_cl, Morton I.
Name of Person Reporffng Greenberg, Mo~on I.
Date of Report 04/I 9/201 I
III. NON-INVESTMENT INCOME. t,epo.ing indi,’idual and spouse; see pp. 17-24 of filing instruction~.)
I. See Note 2. 3. 4.
Pension from State of New Jersey
$40,687.80
B. Spouse’s Non-Investment Income - if you were married during any portion of the reportlng)ear, complete this section.
’ Name of Person Reporting Greenberg, Morton I.
V. GIFTS. a.ct.~es ,ho~e,o sp ...... d dependent children; see pp. 28-31of filing instructionsO
VI. LIAB ILITI ES. a.cludes ,hose o~s,o.~e a.~ ~epen~e., children; see pp. 32-33 of filing instruction~)
Name of Person Reporling Greenberg, Morton I.
VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; see pp. 34-60 oJ’filing instructions.)
Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure Income during reporting period 0) (2) Amount Type (e.g., Code I div., rent, (A-H) or int.) Gross value at end of reporting period (l) (2) Value Value Code 2 Method (J-P) Code 3 (Q-W) K K K J W T T T Distributed W 09/20/I 0 Transactions during reporting period (I)
Type (e.g., buy, sell, redemption) (2) Date (3) (4) Value
Gain Code I (A-H) Identity of
mm/dd/yy Code2 (J-P)
transaction) See part 8 See part g See part 8 See part 8 See part 8 See part 8 See part 8
I. 2. 3. 4. 5. 6. 7. 8. 9. 10. I 1. 12. 13. 14.
Life Ins. Washington Nat’l Ins. Co Life Ins. Pacific Life Ins. Co. Life Ins. New York Life Ins. Co. Life Ins. Nationwide Life Ins. Co. of Am. IRA with Bank of America in certificate of deposit Linwood Country Club General Motors Corp. common stock (Y) Edison International common stock Bank of America - Accounts UBS Fin. Serv., Inc. MM Acct. (cash acct.) Franklin New Jersey Tax Free Income Fund Delphi Automotive common stock (Y) Rutherford Bd. of Ed. Bonds Wildwood City Bonds
Interest Interest Interest Dividend Distribution None
Dividend Interest Dividend Interest M J J T T T See part 8 See part 8
15. Toms River Bd. of Ed. Bonds 16. 17. N.J. St. Eco. Dev. Bonds Point Pleasant MBIA Bonds
|. Income Gain Codes: (See Columns B I and 1)4) 2. Value Codes (See Columns CI and D3) 3. Value Method Codes (See Column C2)
A =$1,000 or less F=$50,001 - $100.0~0 J=515,000 or less N =5250,001 - $509,000 P3 =$25.000,0Q I - 550,000.000 Q =Appraisal U =Book Value
B =$1.001 - 52,500 G =$100.001 - $1.000.000 K =$15.001 - $50.1)00 O =$500.001 R =Cosl (Real Estate Only) V =Other
C =52,501 - $5,000 H I =$ 1.0(X),001 - $5,000.00~ L =$50,001 - $100.000 P4 More than $50.000.00~
=$5,0~1 - $15.000 H2 =More than $5.000.0(~) =$100.001 - $250.000 P2 $5.000.001 - $25.000.000 =Cash Market
E :$15,001- $50,0~3
Name of Person Reporting Greenberg, Morton I.
VII. INVESTMEN TS and TRU STS - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)
A. Descriplion of Assels (including trost assets) Place "(X)" after each asset exempt from prior disclosure B. Income during reporting period (I) (2) (I) (2) Amount Type (e.g., Code 1 div., rent, (A-H) or int.) C. Gross value at end of reporting period (I) (2) (3) i (4) (5) D. Transactions during reporting period
Value Method Code 3 (Q-W) T T T T T T T T T T T T
~n~action)
Gloucester Twp, Board of Ed. Bonds DoverTwp. Sch. Dist. Bonds
K J J K J J J J J J J J
Burlington County Bridge Commn. Bonds SpartaTwp. MBIA Bonds Duke Ener. Corp. Common Stock Egg Harbor Township Bonds Spectra Energy Corp. Common Stock
Randolph Twp. Sch. Dist. Bonds Bordentown Sch. Dist. Bonds Oakland Sch, Dist. Bonds S. Brunswick Twp. Bonds N.J. St. Eco. Dev. Bonds
Interest Interest Dividend Interest Dividend
A =$1,000 or less F =$50.001 - $100.000 J -$15.1)00 or less N =$250.001 - $500.000 P3 =$25,000.001 . $50,000.000 Q =Appraisal U =Book Value
B =$1,001 - $2,500 G =$100.00l - $1.000.000 K =$15.001 - $50,000 O =$500.001 - $1,000.000 R =Co.,t (Real Estate Only) V Other
C =$2,501 - $5,000 H I =$1.000.001 - $5.000.000 L =$50.1901 - $100.000 PI =$1.000.001 - $5.000.000 P4 =More than S -As.,cssmcnt W =E.,timatcd
D =$5,001 - $15,000 H2 =More than $5.000,000 M =$100,001 - $250,000 P2 =$5,000,001 - $25,000.000 T =Cash Market
E ~$15,001 - S50,0~0
Date of Reporl 04/19/2011
VIII. ADDITIONAL INFORMATION or EXPLANATION
I have the following explanations and information for the report. Paragraph II relating to agreements indicates that I have a pension from the State of New Jersey. This is the same item listed as the pension in paragraph 111 relating to non-investment income. I am receiving a pension based on early retirement under the New Jersey Judicial Retirement System Act, as I had more than 25 years ofpublic 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 myselfand~"~-~~] without charge, which includes reimbursement for Medicare charges. This was administered by Horizon Blue Cross & Blue Shield in 2010, except that the administrator of the prescription drug portion of the coverage in 2010 was Medco Health Solution Inc. of Lexington, Ky. I understand that the State pays the actual cost for the coverage. The benefits also include life insurance and a pension for~.i~’]~ ifj ~ii survives me. The amount of the pension for~_.~?] will be based on the salary of a judge ofthe Appellate Division ofthe Superior Court as of the time of my death. While I 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 I now realize that the insurance is based on my salary when I retired in June 1987. Both paragraph II and paragraph II1 request "date." The best date I can give is to explain that I became a Superior Court Judge on December 20, 1973, and served until I retired in June 1987 when i became a judge on the Court of Appeals. I 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. I have shown the value of my life insurance policies, Item VII, lines I, 2, and 3, because there is a cash surrender value for the policies. While I previously regarded them as not held for investment or the production of income but nevertheless voluntarily listed them, starting with the 2002 report I have reported the policies in accordance with the then new instructions for the Financial Disclosure Report. I have taken the value codes from annual policy statements but note that I do not have information for line I, Washington Nat’l Ins. Co., previously Bankers Nat’l, from the company for specific cash value. 1 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. I 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. I 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, ( I ) interest and (2) other distributions from pensions, annuities, retirement or profit-sharing, IRAs and insurance contracts. If separated each would have an income value code of A. The policies listed as items I, 2, and 3 are whole life policies but except for the small policy in item 2 I do not have to make premium payments on them because of accumulated dividends and interest. I show income on Item VII, line 5, from an IRA which was invested in a certificate of deposit as Distribution. In fact an IRA distribution includes sources from the original deposits and accumulated earnings, in this case interest on a certificate of deposit which in 2010 still was accruing. However, the last IRA distribution was made on September 20, 2010 so the IRA now is gone. I show Linwood Country Club stock at Item VII, line 6, which is not an investment property and produces no income. I probably do not have to show the Country Club stock as it was not held for income but I am voluntarily showing it. I show General Motors Corp. common stock at Item VII, line 7, but that stock was in pre-bankruptcy General Motors. I owned the stock at the time of the bankruptcy and 1 understand that it now is worthless. Yet I had no transactions in the stock. I acquired it in October 1987 and it became worthless during 2009. I show Delphi Automotive common stock item VII, line 12. Though I showed the stock on my 2009 report it is my understanding that the stock became worthless no later than 2009 and that the stock has been cancelled. In the circumstances the stock in both GM and Delphi was worth less than $I,000 at the end of 2010 and neither company supplied me with any income during that year. Accordingly, as this situation with respect to income or value will not change I will not list either company in furture years. I 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 II and the income from it was listed under paragraph III. In Item VII, line 9, I list checking and money market accounts, and certificates ofdeposit with the Bank of America. I have aggregated the information for that bank for the various accounts. I list the New Jersey Economic Development Authority twice as an investment, once as paragraph VII, item 16, and once as paragraph VII, item 29, because the two listings are for different bond issues I purchased at different times.
1 certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported ~vas ~vithheld because it met applicable statutory provisions permitting non-disclosure. I further certify that earned income from outside emplo)anent and honoraria and the acceptance of gifts ~vhich have been reported are in compliance with the provisions of 5 U.S.C. app. § 501 et. seq, 5 U.S.C. § 7353, and Judicial Conference regulations.
S/Morton 1. Greenberg
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