Makes local government business administrators eligible for membership in PERS; provides for transfer from Defined Contribution Retirement Program to PERS.

This bill (S 2013) expands eligibility for New Jersey's Public Employees' Retirement System (PERS) to include local government business administrators. Currently excluded from PERS, these administrators - such as city or county financial managers - would now qualify for membership and could transfer their retirement benefits from the Defined Contribution Retirement Program into PERS. The change specifically targets business administrators as defined in pending legislation, removing their prior exclusion from PERS. This policy shift directly affects local government employees in these administrative roles by providing access to PERS benefits instead of the alternative retirement program.