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Bill > S1415
NJ S1415
NJ S1415Permits certain members of Prosecutors Part of PERS to qualify for service retirement with 20 or more years of service.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill permits an active member of the Prosecutors Part of the Public Employees' Retirement System (PERS) who is enrolled before the effective date of this bill to retire on or after the effective date of this bill, but no later than 5 years from the effective date of the bill, upon attaining 20 or more years of service credit regardless of age. Under the bill, such a member will be entitled to a retirement allowance equal to 50 percent of the member's final compensation. Under current law, a member must be 55 years of age or older and attain at least 20 years of service credit to retire on a service retirement allowance of 50 percent of final compensation.
AI Summary
This bill allows active members of the Prosecutors Part of the Public Employees' Retirement System (PERS), who were enrolled before the bill's effective date and are still active on that date, to retire with 20 or more years of service credit regardless of their age, as long as they retire within five years of the bill's effective date. Currently, to receive a service retirement allowance equal to 50 percent of their final compensation, these prosecutors must be at least 55 years old and have 20 or more years of service credit.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S1415 |
| BillText | https://pub.njleg.gov/Bills/2026/S1500/1415_I1.HTM |
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