Bill
Bill > S806
NJ S806
NJ S806Permits purchase of service credit in PERS, TPAF, PFRS, and SPRS for period of enrollment in military service academy.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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, such as the United States Military Academy, Naval Academy, Air Force Academy, and Coast Guard Academy, by members of 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). Under current law, a period of service in the United States Armed Forces qualifies as military service that these members may purchase for retirement purposes, and this bill extends that same opportunity to the period of enrollment in a military service academy, which educates young people to serve as commissioned officers in the various branches of the United States Armed Forces.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/09/2024)
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/2024/S806 |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/806_I1.HTM |
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