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Bill > S3972


NJ S3972

NJ S3972
Increases PFRS accidental disability and accidental death pension when disability or death is caused by weapon.


summary

Introduced
06/17/2021
In Committee
06/17/2021
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. If a PFRS member is injured in the line of duty by a weapon and permanently disabled, the pension for the member will increase from 66 percent of final compensation to 100 percent of 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 by a weapon on or after the effective date of the bill. If a PFRS member is permanently disabled due to a weapon-related injury, their pension will increase from 66% to 100% of their final compensation. If a PFRS member dies from a weapon-related injury, the pension for their surviving spouse or children will increase from 70% to 75% of their final compensation. Additionally, the final compensation used to calculate the disability or death pension will continue to increase until the member would have reached age 65, based on the same percentage increases applied to active members' compensation schedules.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 06/17/2021)

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