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Bill > S2810


NJ S2810

NJ S2810
Changes membership of board of trustees of SPRS to remove requirement that two members be private citizens.


summary

Introduced
02/22/2024
In Committee
06/24/2024
Crossed Over
05/20/2024
Passed
06/28/2024
Dead
Signed/Enacted/Adopted
09/12/2024

Introduced Session

2024-2025 Regular Session

Bill Summary

An Act concerning the membership of the board of trustees of the State Police Retirement System and amending P.L.1965, c.89.

AI Summary

This bill amends the law governing the State Police Retirement System (SPRS) to remove the requirement that two members of the board of trustees be private citizens. Instead, the board will consist of five trustees: two active or retired members of the system appointed by the Superintendent of State Police, the State Treasurer ex officio, and two members appointed by the Governor with the advice and consent of the Senate. The bill also establishes a committee with representatives from the public employer, the State Troopers Fraternal Association, and the union representing the greatest number of supervisory officers, which will have certain discretionary authority over the system when it reaches a target funded ratio.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (4)

Last Action

Approved P.L.2024, c.70. (on 09/12/2024)

bill text


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