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Bill > A5625


NJ A5625

NJ A5625
Increases PFRS accidental disability and accidental death pension when disability or death is caused by weapon.


summary

Introduced
05/12/2021
In Committee
05/12/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill increases the accidental disability pension and the accidental death pension provided in the Police and Firemen's Retirement System (PFRS) when the disability or death is caused on or after the effective date of this bill by a weapon. If a PFRS member is injured in the line of duty by a weapon and permanently disabled, the pension for the retiree will increase from 66 percent of final compensation to 100 percent of final compensation. When the retiree attains mandatory retirement age, the pension thereafter will be 80 percent of the final compensation. If a PFRS member dies in the line of duty and the death is caused by a weapon, the pension for the surviving spouse or surviving children will increase from 70 percent of final compensation to 75 percent of final compensation. In addition, the final compensation used to determine the disability pension or the death pension will continue to increase until the member would have attained the age of 65 under the assumption of continuous service. The final compensation will increase by the same percentage increase which is applied in any adjustments of the compensation schedule of active members after the member's retirement or death but before the date on which the retired or deceased member would have attained the age of 65.

AI Summary

This bill increases the accidental disability pension and the accidental death pension provided in the Police and Firemen's Retirement System (PFRS) when the disability or death is caused on or after the effective date of this bill by a weapon. If a PFRS member is injured in the line of duty by a weapon and permanently disabled, the pension for the retiree will increase from 66 percent of final compensation to 100 percent of final compensation, and when the retiree attains mandatory retirement age, the pension thereafter will be 80 percent of the adjusted final compensation. If a PFRS member dies in the line of duty and the death is caused by a weapon, the pension for the surviving spouse or surviving children will increase from 70 percent of final compensation to 75 percent of the adjusted final compensation. The final compensation will be adjusted by the same percentage increase applied to the compensation schedule of active members until the member would have attained the age of 65 under the assumption of continuous service.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

Introduced, Referred to Assembly Labor Committee (on 05/12/2021)

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