On Monday, Governor Murphy signed into law P.L. 2021, c. 52 which permits police and firefighters to retire after 20 years of service regardless of age and receive a pension allowance equal to 50% of their final compensation. This benefit will only apply to police and firefighters currently enrolled in the Police and Fire Retirement System. The new law took effect immediately but will expire in two years. As we previously reported the League, along with New Jersey Association of Counties, opposed this benefit enhancement at a time when local governments can least afford it.