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NJ S1401
Bill
Status
1/9/2024
Primary Sponsor
Troy Singleton
Click for details
AI Summary
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Administrative Law Judges of the Office of Administrative Law would become eligible for membership in the Public Employees' Retirement System (PERS) instead of the Defined Contribution Retirement Program (DCRP)
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Current Administrative Law Judges enrolled in DCRP would be automatically transferred to PERS within 90 days of the law's effective date
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Judges may opt out of the transfer by filing a waiver with the Division of Pensions and Benefits within 30 days, forfeiting PERS rights and benefits
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DCRP account balances for transferred judges would move to PERS, and judges would receive PERS service credit for their time in DCRP
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The State would be responsible for paying any unfunded liability resulting from the transfer of judges into PERS
Legislative Description
Changes eligibility of Administrative Law Judges from DCRP to PERS.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/9/2024