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Bill > A5160

NJ A5160

NJ A5160
Requires transfer of certain participants of DCRP to PERS.

summary

Introduced
01/14/2025
In Committee
01/08/2026
Crossed Over
01/12/2026
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

Requires transfer of certain participants of DCRP to PERS.

AI Summary

This bill requires certain public school employees to be transferred from the Defined Contribution Retirement Program (DCRP) to the Public Employees' Retirement System (PERS). Specifically, employees hired after the bill's effective date who earn more than the minimum salary for PERS eligibility and work more than 20 hours per week, but would otherwise not meet the minimum work hour requirements for PERS, will be enrolled in PERS and receive benefits similar to those who enrolled after July 1, 2011. Additionally, current DCRP participants will be enrolled in PERS within 180 days of the bill's enactment, receiving service credit for their time in the DCRP, though this service credit will not be used to calculate the amount of their pension benefits. The State will be responsible for funding any unfunded liability resulting from these transfers, and the funds from DCRP accounts will be transferred to PERS as a direct trustee-to-trustee transfer to avoid immediate taxation for the employee, with full service credit granted if the funds can be moved in a way that preserves it.

Committee Categories

Government Affairs

Sponsors (40)

Linda Carter (D)*,  Verlina Reynolds-Jackson (D)*,  Anthony Verrelli (D)*,  Alaa Abdelaziz (D),  Rosaura Bagolie (D),  David Bailey (D),  Alixon Collazos-Gill (D),  Joe Danielsen (D),  Wayne DeAngelo (D),  Margie Donlon (D),  Mitchelle Drulis (D),  Roy Freiman (D),  Don Guardian (R),  Shama Haider (D),  Garnet Hall (D),  Dan Hutchison (D),  Robert Karabinchak (D),  Andrea Katz (D),  Jim Kennedy (D),  Yvonne Lopez (D),  Michele Matsikoudis (R),  Barbara McCann Stamato (D),  Antwan McClellan (R),  Tennille McCoy (D),  Cody Miller (D),  Carmen Morales (D),  Luanne Peterpaul (D),  Jessica Ramirez (D),  Gabriel Rodriguez (D),  William Sampson (D),  Alexander Schnall (D),  Heather Simmons (D),  Erik Simonsen (R),  Balvir Singh (D),  Sterley Stanley (D),  Lisa Swain (D),  Claire Swift (R),  Cleopatra Tucker (D),  Chris Tully (D),  Michael Venezia (D), 

Last Action

Passed by the Assembly (56-12-1) (on 01/12/2026)
(1 Companion Bills)

bill text

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/A5160
BillText https://pub.njleg.gov/Bills/2024/A5500/5160_U1.HTM
Analysis - Statement AAP 1/8/26 ACS https://pub.njleg.gov/Bills/2024/A5500/5160_S1.PDF
Fiscal Note - Fiscal Estimate 1/8/26; as introduced https://pub.njleg.gov/Bills/2024/A5500/5160_E1.PDF
BillText https://pub.njleg.gov/Bills/2024/A5500/5160_I1.HTM
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