NJ A6213

Fourth class cities (seaside resort cities bordering the Atlantic Ocean) may close their existing life guard pension plans to new entrants after the bill's effective date

Active and retired members in closed plans retain eligibility for service retirement and benefits, but cities may modify or terminate benefits for active members with less than 10 years of service

Members who do not qualify for a pension will receive a refund of all accumulated deductions plus regular interest as determined by the life guard pension commission

Fourth class cities that have not yet established a life guard pension plan will no longer be required to do so, making such plans permissive rather than mandatory

Current life guard pension requirements include 20 years of service, age 45, 10 years continuous service for half-pay retirement, with members contributing 4% of salary and employers matching 4% of total salaries