Bill
Bill > S693
NJ S693
NJ S693Permits purchase of service credit in PERS, TPAF, PFRS, and SPRS for period of enrollment in military service academy.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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 as part of the service credit in 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). The military service academies, including the United States Military Academy, Naval Academy, Air Force Academy, and Coast Guard Academy, educate students who are on active duty in the United States Armed Forces from the day they enter the academy. This bill allows members of these retirement systems to purchase their time spent enrolled in a military service academy, in addition to their military service, for retirement purposes.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/11/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S693 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/693_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/693_I1.PDF |
Loading...