Bill > A884

Introduced Session

This bill reinstates automatic cost-of-living adjustments (COLAs) for retirement benefits under the "Pension Adjustment Act," P.L.1958, c.143 (C.43:3B-1 et seq.), for certain retired members of the Teachers' Pension and Annuity Fund (TPAF). Provisions contained in P.L.2011, c.78 (C.43:3C-16 et al.), signed into law on June 28, 2011, cancelled the automatic annual adjustment for current and future retirees and beneficiaries of State-administered retirement systems, including TPAF. This bill reinstates automatic COLAs for retired members of TPAF who accepted early retirement incentives prior to January 1, 2011. The Board of Trustees of the TPAF, in consultation with the actuary of the fund and the State Treasurer, will implement the COLAs. The COLAs will only apply to future pension benefit payments.

AI Summary

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Vicky Flynn (R)*,  Gerry Scharfenberger (R)*, 

Introduced, Referred to Assembly Education Committee (on 01/13/2026)

Official Document