Permits companion to receive PFRS accidental death pension when there is no surviving spouse; requires adjustment of final compensation for calculation of accidental death benefit for surviving spouse, companion, and children of PFRS members.

This bill expands accidental death benefits under New Jersey's Police and Firemen's Retirement System (PFRS) to include companions - defined as partners who cohabited with a member for at least two years, were generally regarded as spouses, and met specific relationship criteria - when there is no surviving spouse, children, or parents. It changes the calculation method for these benefits to use "adjusted final compensation," which accounts for pay increases that would have applied to the member had they continued working until 25 years of service. Companions of members who died on or after January 1, 2023, without surviving family can now apply for retroactive benefits within six months of the bill's effective date, with payments starting from the date of death.