Allows law enforcement officers in PERS to transfer to and enroll in PFRS; requires all law enforcement officers to be enrolled in PFRS.
New Jersey's S 1897 allows current law enforcement officers enrolled in the Public Employees' Retirement System (PERS) to switch to the Police and Firemen's Retirement System (PFRS) by giving up their PERS benefits. Officers must submit paperwork within 90 days of the bill's effective date to make this choice, while new law enforcement hires must enroll directly in PFRS. The bill requires PERS to transfer accumulated contributions to PFRS, with officers potentially covering any shortfall between transferred funds and full retirement credit.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
1 primary · 1 co-sponsor
Sponsors
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