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NJ S3667
Bill
Status
9/26/2024
Primary Sponsor
Andrew Zwicker
Click for details
AI Summary
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Members of the Public Employees' Retirement System (PERS) may purchase up to one year of service credit for time spent as an Eagleton Science and Politics Fellow at the Eagleton Institute of Politics at Rutgers University
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The purchase must be made through member contributions only, with the employer bearing no liability for payments to the Division of Pensions and Benefits
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Members must submit a statement of service signed by the Director of the Eagleton Institute of Politics detailing their time and nature of service in the fellowship program
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Members are ineligible to purchase this service credit if they already have vested retirement benefits in another system based on that fellowship service
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Payments can be made as a lump sum or in monthly installments, and members who retire before completing payments receive pro rata credit with the option to pay the remaining balance at retirement
Legislative Description
Permits purchase of service credit in PERS for time served as Eagleton Science and Politics Fellow.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
9/26/2024