Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                 April 16, 2007
                                 Date of Report
                        (Date of earliest event reported)

                             Kearny Financial Corp.
             (Exact name of Registrant as specified in its Charter)

       United States                    0-51093                     22-3803741
 ----------------------------       ---------------               -------------
 (State or other jurisdiction       (SEC Commission               (IRS Employer
     of incorporation)                 File No.)                  Identification

120 Passaic Avenue, Fairfield, New Jersey                             07004
-----------------------------------------                             -----
(Address of principal executive offices)                            (Zip Code)

Registrant's telephone number, including area code: (973)244-4500

                                 Not Applicable
          (Former name or former address, if changed since last Report)

         Check the  appropriate  box below if the Form 8-K filing is intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

___  Written communications pursuant to Rule 425 under the Securities Act

___  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

___  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act

___  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act

                             KEARNY FINANCIAL CORP.


Item 5.02 Departure of Directors or Principal  Officers;  Election of Directors;
          Appointment of Certain Officers; Compensatory Arrangements  of Certain

The  Registrant  announced  that on April 16,  2007,  the Board of  Directors of
Kearny  Federal  Savings  Bank (the  "Bank") a  wholly-owned  subsidiary  of the
Registrant, approved, effective July 1, 2007, "freezing" increases in all future
benefit  accruals  based upon changes in  participant  service and  compensation
under the Kearny Federal Savings Bank Pension Plan, a  non-contributory  defined
benefit pension plan. This action also includes  "freezing" the benefit accruals
under the  Benefits  Equalization  Plan related to the defined  benefit  pension
plan.  These  actions are  intended to provide the  Registrant  with  additional
flexibility in managing the costs  associated with the benefit plans provided to
the   Registrant's   employees  while  still   preserving  all  retirement  plan
participants' earned and vested benefits.

The  Registrant,  Kearny  Financial  Corp.,  is the  holding  company for Kearny
Federal  Savings  Bank,  which  operates  from its  administrative  headquarters
building in  Fairfield,  New Jersey,  and 26 retail  branch  offices  located in
Bergen, Hudson, Passaic, Morris, Middlesex, Essex, Union and Ocean Counties, New
Jersey. At December 31, 2006, Kearny Financial Corp. had total assets,  deposits
and  stockholders'  equity of $2.02 billion,  $1.48 billion and $471.3  million,
respectively. Shares of Kearny Financial Corp.
trade on the NASDAQ Global Select Market under the symbol "KRNY."

Statements  contained in this news release,  which are not historical facts, are
forward-looking  statements  as that term is defined in the  Private  Securities
Litigation  Reform Act of 1995. Such  forward-looking  statements are subject to
risks and  uncertainties  which could cause actual results to differ  materially
from those currently anticipated due to a number of factors,  which include, but
are not limited to,  factors  discussed in documents  filed by Kearny  Financial
Corp. with the Securities and Exchange Commission from time to time. The Company
does not undertake to update any forward-looking  statement,  whether written or
oral, that may be made from time to time by or on behalf of the Company.


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                           KEARNY FINANCIAL CORP.

Date: April 19, 2007                       By:    /s/Craig L. Montanaro
                                                  Craig L. Montanaro
                                                  Senior Vice President and
                                                  Director of Strategic Planning