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Bill > S3606

NJ S3606

NJ S3606
Permits purchase of service credit in SPRS for period of enrollment in military service academy and in New Jersey State Police Academy, and employment as class two special law enforcement officer.

summary

Introduced
09/19/2024
In Committee
03/17/2025
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill allows a member of the New Jersey State Police Retirement System (SPRS) to purchase credit in the retirement system for military service in the Armed Forces of the United States, the period of enrollment in the New Jersey State Police Academy, and employment as a class two special law enforcement officer prior to becoming a member. Under current law, a period of service in the United States Armed Forces qualifies as military service that a member of the SPRS may purchase for retirement purposes. This bill permits the purchase of the period of enrollment in a United States military service academy. The military service academies are the United States Military Academy, Naval Academy, Air Force Academy, and the Coast Guard Academy. These four service academies 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. This bill also allows a member of the SPRS to purchase credit in the retirement system for graduation from the New Jersey State Police Academy or for employment as a class two special law enforcement officer, or both, prior to becoming a member. The bill provides that a member may purchase credit for all or a portion of such service rendered while enrolled in the New Jersey State Police Academy or employed by a public employer as a class two special law enforcement officer, or both. Under the bill, the SPRS credit purchased for enrollment in the New Jersey State Police Academy or employment as a class two special law enforcement officer, or both, is equivalent to service in the State Police as a member of the SPRS in qualifying for retirement benefits.

AI Summary

This bill modifies the New Jersey State Police Retirement System (SPRS) to allow members to purchase additional service credit under specific circumstances. Members can now purchase credit for time spent enrolled in United States military service academies (specifically the Military, Naval, Air Force, and Coast Guard Academies), time spent at the New Jersey State Police Academy, and previous employment as a class two special law enforcement officer. To purchase this credit, members must pay into the annuity savings fund an amount calculated by an actuary based on their age and salary, with payments spread over a maximum of 10 years. For class two special law enforcement officer credit, the break between that service and joining the SPRS must be less than 365 days. If a member retires before completing all payments, they will receive pro-rata credit, with the option to make a lump sum payment at retirement to receive full credit. The purchased credit will be considered equivalent to creditable service as a full-time commissioned officer, noncommissioned officer, or trooper in the State Police. The bill aims to provide more flexibility for SPRS members in recognizing their prior service and educational experiences.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (10)

Last Action

Substituted by A4751 (1R) (on 03/24/2025)
(1 Companion Bills)

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