Permits PERS retiree to return to elective public office after retirement under certain circumstances.

This bill allows retired members of New Jersey's Public Employees' Retirement System (PERS) to return to elective public office with their former employer without losing retirement benefits, under specific conditions. To qualify, retirees must have reached the service retirement age at the time of retirement, the office must pay less than $12,000 annually, and they must return after their retirement allowance becomes payable. The bill applies only to former employers (the public entity where the retiree last worked) and requires that federal retirement rules remain compliant. If approved, it would take effect immediately upon passage.