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

This bill (S 848) makes local government business administrators eligible to join New Jersey's Public Employees' Retirement System (PERS) instead of remaining in the Defined Contribution Retirement Program. It directly affects business administrators in cities, towns, and counties - specifically those defined in pending legislation as financial officers or similar roles handling municipal budgets and operations. The key mechanism amends eligibility rules to allow these administrators to transfer from the Defined Contribution Plan to PERS, changing their retirement system without altering benefit levels. The bill does not create new benefits but adjusts which retirement plan applies to this group of public employees.