Permits certain members of Prosecutors Part of PERS to qualify for service retirement with 20 or more years of service.

This bill changes retirement rules for prosecutors in New Jersey's Public Employees' Retirement System (PERS). It allows prosecutors with 20 or more years of service to retire at any age (removing the current 55-year minimum) and receive a retirement benefit equal to 50% of their final salary. The change applies to active prosecutors enrolled in PERS before the bill's effective date, who may retire within five years of that date. The bill takes effect immediately.