Bill Text: NJ S2133 | 2014-2015 | Regular Session | Introduced
Bill Title: Allows elected officials who retire based on other PERS service to remain in office; prohibits retirees newly elected to municipal office from receiving pension credit, health care or salary for that office.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2014-08-15 - Reviewed by the Pension and Health Benefits Commission Recommend to not enact [S2133 Detail]
Download: New_Jersey-2014-S2133-Introduced.html
Sponsored by:
Senator BOB SMITH
District 17 (Middlesex and Somerset)
SYNOPSIS
Allows elected officials who retire based on other PERS service to remain in office; prohibits retirees newly elected to municipal office from receiving pension credit, health care or salary for that office.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning the retirement of elected officials in the Public Employees' Retirement System and retirees serving in certain elected offices, and supplementing P.L.1968, c.23 and P.L.1954, c.84.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any contrary provision of P.L.1954, c. 84 (C.43:15A-1 et seq.) and except as may be otherwise provided in P.L.1972, c.167 (C.43:15-135 et seq.), a member of the retirement system shall be eligible to retire while holding the public office to which the member was elected and to receive the full salary for that office, if the retirement allowance is not based solely on service in that elected public office, and no contributions shall be required of the member covering that service.
2. Notwithstanding any other law to the contrary, if a retired member of any pension fund or retirement system, established under any law of this State, who has been granted a pension or retirement allowance is elected, after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill) to a municipal public office, the retired member shall not be eligible for membership in another pension fund or retirement system established under any law of this State, for health care benefits, or for any salary or compensation, based on service in that municipal public office.
3. This act shall take effect immediately.
STATEMENT
This bill allows a member of the Public Employees' Retirement System (PERS) elected to a public office, service in which is credited in PERS, to retire while holding public office and to receive the full salary for that office, if the member's PERS retirement allowance is not based solely on service in that elected public office. The bill also provides that if a retiree of any of the State-administered retirement systems is elected after its effective date to a municipal public office, the retiree will not be eligible for: membership in another State-administered retirement system, health care benefits, or any salary or compensation, based on service in the elective municipal public office.
The bill would take effect immediately.
