summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill enhances the accidental death benefit in the Public Employees' Retirement System (PERS) for the spouse and children of a member who served as a firefighter, emergency medical technician, paramedic, hazardous materials emergency first responder, or fire instructor. Under current law, the PERS accidental death benefit provides to the surviving spouse a pension of 50 percent of the compensation upon which contributions by the member to PERS were based in the last year of creditable service. This bill increases the pension to 70 percent. The bill also provides an increase in benefits for the children of a member, from 25 percent for one child to 70 percent if there is no surviving spouse. The bill further provides an alternative benefit of $50,000 for the surviving spouse, if it is larger than the 70 percent, annually. The bill also provides that the State will pay the employer-sponsored health insurance program for the member's surviving spouse. The bill will make the benefits identical to those in the Police and Firemen's Retirement System (PFRS). The bill is retroactive to January 1, 2021 and provides that a benefit granted under N.J.S.A.43:15A-49 on or after January 1, 2021 will be converted to the benefit under this bill and a lump sum payment of the difference in the two benefits will be paid dating back to when the original benefit was granted.
AI Summary
This bill enhances the accidental death benefit in the Public Employees' Retirement System (PERS) for the spouse and children of members who served as firefighters, emergency medical technicians, paramedics, hazardous materials emergency first responders, or fire instructors. It increases the pension for the surviving spouse from 50% to 70% of the member's compensation in the last year of service, and from 25% to 70% for one child if there is no surviving spouse. The bill also provides a $50,000 alternative benefit for the surviving spouse if it is larger than the 70% pension, and requires the State to pay the employer-sponsored health insurance premiums for the surviving spouse. The bill makes the PERS accidental death benefits identical to those in the Police and Firemen's Retirement System (PFRS) and is retroactive to January 1, 2021, with a lump sum payment to cover the difference in benefits granted since then.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government 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/A2483 |
| BillText | https://pub.njleg.gov/Bills/2024/A2500/2483_I1.HTM |
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