News Flash


Posted on: March 24, 2023

20 and Out Legislation Passed Senate, Before Assembly

Legislation (A-4998/S-3090) which provides police and fire personnel a retirement allowance after 20 years of service, regardless of age unanimously passed the Senate earlier this week and is before the full Assembly on March 30. The League joins the New Jersey Association of Counties in our continued opposition to enhanced benefits. The additional costs will be borne by the taxpayers at a time when local governments can least afford it.

P.L. 2021, c. 52 permitted police and fire employees to retire after 20 years regardless of age and receive a retirement allowance equal to 50% of the member’s final compensation. However, the law will expire after two years in May. The purpose of the two-year expansion was to study the impact the enhanced benefit would have on the pension system. 

In the Senate Budget Committee statement, it is noted that “the Office of Legislative Services (OLS) anticipates this bill will result in an indeterminate increase in the annual contributions required to be paid by the State and local governments to the PFRS. It is not known how many PFRS members will retire to receive the benefit provided by this bill. The increase in the unfunded liability resulting from this bill will be determined by the actuary for the PFRS and will be funded over time.”  

Contact: Lori Buckelew, Deputy Executive Director & Director of Government Affairs,, 609-695-3481, x112. 

Facebook Twitter Email

Other News in Home

NJ Clean Energy Programs Survey

Posted on: September 15, 2023

Passing of BPU President Fiordaliso

Posted on: September 8, 2023

FY 2024 Vibrant Places Program by NJTPA

Posted on: August 31, 2023

State Launches Stop Overdoses Website

Posted on: August 11, 2023

FY2024 Budget & ETR Update

Posted on: June 30, 2023

ETR Funding Doubled in FY2024 Budget

Posted on: June 29, 2023

OPRA Reform Legislation Introduced

Posted on: June 23, 2023

SHBC Plan Design Committee Meeting Summary

Posted on: February 24, 2023

FY2023 Federal Omnibus Budget Passed

Posted on: January 9, 2023

SHBP Update: No Relief In New Year

Posted on: December 30, 2022

Federal Budget Update

Posted on: December 23, 2022

LEAP Grants Now Available

Posted on: December 23, 2022

Federal Budget Update

Posted on: December 19, 2022

State Health Benefits Update

Posted on: December 5, 2022

Revised Model Procurement Forms

Posted on: December 5, 2022