NJ A2258

Fourth class cities (Atlantic Ocean seaside resort cities) in New Jersey may close existing lifeguard pension plans to new members while allowing current active and retired members to retain eligibility for service retirement and other benefits under existing law.

Cities may modify or terminate pension benefits for active lifeguard pension plan members who have not yet accumulated at least 10 years of service.

Current or former lifeguards who do not qualify for a pension will receive a refund of all accumulated salary deductions (4% of salary) plus regular interest as determined by the lifeguard pension commission.

Fourth class cities that have not established a lifeguard pension plan will no longer be required to create one, making such plans permissive rather than mandatory.

Under existing law, lifeguards may retire at half pay after 20 years of service, reaching age 45, and 10 continuous years of service immediately preceding retirement.