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Bill > A4498
NJ A4498
NJ A4498Provides retirement allowance after 20 years of service regardless of age for members of PFRS.
summary
Introduced
09/22/2022
09/22/2022
In Committee
03/23/2023
03/23/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Provides retirement allowance after 20 years of service regardless of age for members of PFRS.
AI Summary
This bill provides a retirement allowance after 20 years of service, regardless of age, for members of the Police and Firemen's Retirement System (PFRS) in New Jersey. Prior to this, PFRS members could only retire with 20 years of service if they had also reached age 55. Under the new provisions, PFRS members can retire with a 50% of final compensation pension after 20 years of service, without any age requirement.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (6)
Reginald Atkins (D)*,
Wayne DeAngelo (D)*,
Carol Murphy (D)*,
Craig Coughlin (D),
Kevin Rooney (R),
Bill Spearman (D),
Last Action
Substituted by S3090 (on 03/30/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A4498 |
| Analysis - Statement AAP 3/23/23 | https://pub.njleg.gov/Bills/2022/A4500/4498_S2.PDF |
| Analysis - Statement ASL 3/20/23 | https://pub.njleg.gov/Bills/2022/A4500/4498_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A4500/4498_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A4500/4498_I1.PDF |
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