Permits companion to receive PFRS accidental death pension when there is no surviving spouse; requires adjustment of final compensation for calculation of accidental death benefit for surviving spouse, companion, and children of PFRS members.

This bill (S 2701) expands accidental death benefits for survivors of New Jersey police and fire officers (PFRS members) who die on duty. It explicitly adds "companion" as a beneficiary category - defined as a cohabiting partner meeting specific criteria (e.g., 2+ years together, shared household expenses) - to receive the same 70% of final salary benefit previously reserved for spouses, when no spouse, children, or parents survive. The bill also clarifies that final salary used for calculations must be adjusted for inflation, as required by existing law. These changes apply to accidental death benefits, not other pension types, and ensure companions receive benefits equal to spouses under the same conditions.