Bill > S592

This bill allows certain members of the Police and Firemen's Retirement System of New Jersey (PFRS) to serve until age 70 upon approval by the municipal governing body. Under the current law, PFRS members must retire at age 65, but this bill provides an exception for members holding administrative positions. If the governing body of the municipality retains the member in service and notifies the PFRS board of trustees before the member turns 65, the member can continue serving until age 70. This exception recognizes that the physical rigors of administrative positions are less than other police positions, and longevity in these roles is valuable, so it is appropriate to give the municipal governing body the discretion to retain effective employees beyond the mandatory retirement age.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2020/S592