Permits certain members of Prosecutors Part of PERS to qualify for service retirement with 20 or more years of service.

This bill allows prosecutors in New Jersey's Public Employees' Retirement System (PERS) to retire with a 50% final compensation benefit after 20+ years of service, removing the current requirement that they must be age 55 or older. It applies specifically to active prosecutors enrolled in the Prosecutors Part of PERS before the bill's effective date, who can now retire within five years of that date without age restrictions. The key provision changes eligibility from needing both age 55+ and 20+ years of service to requiring only 20+ years of service, with the retirement allowance calculated as 50% of final compensation. This directly affects prosecutors who meet the service requirement but are under 55, providing them earlier access to a defined retirement benefit.