Bill > A5049

This bill modifies the rules governing retirement and death benefits for members of the Police and Firemen's Retirement System (PFRS) in New Jersey. Specifically, the bill prevents the Board of Trustees from automatically holding benefits in abeyance (suspending or delaying) due to ongoing civil litigation, with one key exception: the board can still hold benefits in abeyance if the member is challenging a final board determination to deny or adjust their benefits. The bill maintains the board's existing authority to hold benefits in abeyance when a member is facing criminal charges or has been dismissed from public employment due to administrative charges. Additionally, the bill explicitly grants the board the power to adjust retirement or death benefits based on the final outcome of any legal proceedings involving the member. The legislation aims to provide more clarity and fairness in how retirement benefits are handled during legal disputes, ensuring that members are not unnecessarily denied their entitled benefits while still preserving the board's ability to manage potential claims or challenges.

Budget and Finance, Government Affairs

https://www.njleg.state.nj.us/bill-search/2024/A5049