NJ S3412

Bill

Requires temporary benefit enhancement to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PFRS; makes appropriation.

Introduced
06/10/2024

In Committee
06/10/2024

Crossed Over

Passed

Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill would provide for a temporary benefit enhancement payable in each of the two State fiscal years 2025 and 2026 for certain retired public employees and their beneficiaries who are receiving monthly payments from the Police and Firemen's Retirement System. The temporary benefit enhancement would be provided only to those retirees and beneficiaries who are receiving an amount that is at or below 450 percent of the federal poverty level as set for a household of one. The amount of each temporary benefit enhancement would be $1,000. The bill requires the State to fund the cost of these enhancements and makes an appropriation for that purpose.

AI Summary

This bill would provide a temporary $1,000 benefit enhancement payable in each of the two state fiscal years 2025 and 2026 for certain retired public employees and their beneficiaries who are receiving monthly payments from the Police and Firemen's Retirement System (PFRS) and whose retirement allowance or benefit is at or below 450 percent of the federal poverty level for a household of one. The bill requires the state to fund the cost of these enhancements and makes an appropriation for that purpose.

Committee Categories

Government Affairs

Sponsors (1)

Joe Cryan (D)*,

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 06/10/2024)

Official Document

https://www.njleg.state.nj.us/bill-search/2024/S3412

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2024/S3412
BillText	https://pub.njleg.gov/Bills/2024/S3500/3412_I1.HTM

Bill	Bill Name	Last Action	Type
A5882	Requires temporary benefit enhancement to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PFRS; makes appropriation.	Introduced, Referred to Assembly State and Local Government Committee	Carry Over
S4239	Requires temporary benefit enhancement to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PFRS; makes appropriation.	Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee	Carry Over

Bill > S3412

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary