Bill Text: NJ A5049 | 2024-2025 | Regular Session | Introduced
Bill Title: Removes certain limitations on receipt of retirement or death benefits under PFRS.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-11-14 - Introduced, Referred to Assembly State and Local Government Committee [A5049 Detail]
Download: New_Jersey-2024-A5049-Introduced.html
Sponsored by:
Assemblyman LOUIS D. GREENWALD
District 6 (Burlington and Camden)
SYNOPSIS
Removes certain limitations on receipt of retirement or death benefits under PFRS.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning certain limitations on the receipt of retirement or death benefits granted under the Police and Firemen's Retirement System and supplementing P.L.1944, c.255 (C.43:16A-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Notwithstanding any law, rule, or regulation to the contrary, the Board of Trustees of the Police and Firemen's Retirement System of New Jersey shall not hold in abeyance the retirement or death benefits to which a member of the Police and Firemen's Retirement System is entitled on the basis of any ongoing civil litigation to which the member is a party or that concerns the members employment.
b. Nothing herein shall be construed to limit the board's authority to hold in abeyance the retirement or death benefits to which the member is entitled when a member is subject to criminal charges or dismissed from public employment due to administrative charges.
c. The board shall have the authority to adjust the member's retirement or death benefits based upon the disposition of any legal proceeding to which the member was a party.
2. This act shall take effect immediately.
STATEMENT
This bill removes certain limitations on the receipt of retirement or death benefits granted to members under the Police and Firemen's Retirement System (PFRS).
Pursuant to regulation, the Board of Trustees of PFRS withholds retirement or death benefits if the entitled member is subject to criminal charges, dismissed from public employment due to administrative charges, or the member has pending civil litigation pertaining to the member's employment. This bill removes the board's ability to withhold retirement or death benefits on the basis the entitled member has pending civil litigation. Under the bill, the board will have the ability to adjust the member's retirement or death benefits following the disposition of any legal proceeding.
