Bill > S3755

Introduced Session

This bill extends the length of time a member of the Teachers' Pension and Annuity Fund (TPAF) can discontinue their service and still maintain their membership in the TPAF. Under current law, membership in the TPAF ceases if an individual discontinues service for more than two years. This bill extends the period of discontinuance to four years. This bill also extends the length of time a member who left service for certain qualifying reasons may return to service and includes among the qualifying reasons those who voluntarily left service with 10 or more years of service credit. Under current law, membership in the TPAF may continue if the member returns to service within a period of 10 years from the date of discontinuance from service. This bill extends the period of discontinuance to 20 years. This bill directs the Division of Pension and Benefits to enroll a member of TPAF, who terminated their employment before the effective date of this bill, in the membership tier they were enrolled in prior to termination of employment if the member returned to employment within 20 years, as permitted under the law, and had not withdrawn their accumulated deductions. No additional contributions will be imposed on either the member or the member's employer.

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Holly Schepisi (R)*, 

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 03/30/2023)

Official Document