Bill > S3090

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. The key provisions include allowing PFRS members who were enrolled prior to the effective date of the bill and are still members on that date to retire on a service retirement allowance after 20 or more years of creditable service, without regard to their age. This represents a change from the previous requirement that PFRS members had to be at least 55 years old to retire with a service allowance.