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Bill > S4195


NJ S4195

NJ S4195
Permits purchase of service credit in PERS, TAPF, PRFS, and SPRS for period of enrollment in military service academy.


summary

Introduced
12/02/2021
In Committee
12/02/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

Under current law, a period of service in the United States Armed Forces qualifies as military service that a member of the Public Employees' Retirement System (PERS), Teachers' Pension and Annuity Fund (TPAF), the Police and Firemen's Retirement System (PFRS), and State Police Retirement System (SPRS) may purchase for retirement purposes. This bill permits the purchase of the period of enrollment in a United States military service academy. The four service academies affiliated with the United States military educate young people to serve as commissioned officers in the various branches of the United States Armed Forces. They are the only academies whose students are on active duty in the United State Armed Forces from the day they enter the academy, with the rank of cadet and midshipman and subject to the Uniform Code of Military Justice. The military service academies are the United States Military Academy, Naval Academy, Air Force Academy, and the Coast Guard Academy.

AI Summary

This bill permits the purchase of the period of enrollment in a United States military service academy, including the United States Military Academy, Naval Academy, Air Force Academy, and Coast Guard Academy, for retirement purposes under the Public Employees' Retirement System (PERS), Teachers' Pension and Annuity Fund (TPAF), Police and Firemen's Retirement System (PFRS), and State Police Retirement System (SPRS). This allows members of these retirement systems to purchase service credit for the time they were enrolled in a military service academy, which is considered active duty in the United States Armed Forces.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 12/02/2021)

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