Requires spousal consent to election of certain pension payout options under TPAF, JRS, and PERS.

This bill requires spousal consent for certain pension payout choices in New Jersey's Teachers' Pension Fund, Judicial Retirement System, and Public Employees' Retirement System. It applies when a member selects a benefit option that provides less than half the retirement allowance to their spouse for life or ends entirely at the member's death (with no spousal payments). Key provisions mandate written spouse consent acknowledging the election's impact, witnessed by a pension representative or notary, before such options take effect. The bill also requires notifying the spouse via certified mail about the chosen benefit before consent is obtained.