Bill > A946

Introduced Session

This bill provides that the compensation of a public employee subject to pension and group life insurance contributions and creditable for retirement and death benefits in a State-administered retirement system or fund will be limited to base salary and will not include extra compensation. The bill's definition of forms of extra compensation includes, but is not limited to, overtime pay; pay for extra work, duty or service beyond the normal workday or work year; bonuses; lump-sum payments for longevity, holiday pay, vacation, compensatory time or accumulated sick leave; or increments or adjustments in recognition of the member's forthcoming retirement. The bill further provides that the Division of Pensions and Benefits will investigate increases in compensation reported for credit which exceed the reasonably anticipated annual compensation increases for members of a retirement system.

AI Summary

Committee Categories

Brian Bergen (R)*,  Nancy Muñoz (R)*,  Michele Matsikoudis (R), 

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)

Official Document