S 2130 New Jersey Senate · 2024-2025 Regular Session

Extends membership in TPAF to four years after discontinuance of service and to 20 years for those who were laid off or had 10 or more years of continuous service upon voluntary termination.

This bill extends eligibility for New Jersey teachers' pension fund membership. It increases the time teachers can maintain membership after leaving a job from two years to four years. Additionally, it provides a 20-year membership window for teachers who were laid off or had 10+ years of continuous service upon voluntary termination. These changes directly affect current and former teachers who leave employment before retirement, ensuring longer access to pension benefits under specified conditions.
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
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Full legislative history

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Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Holly Schepisi
Holly Schepisi
RRepublican
NJ
39