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NJ S1415
Bill
Status
1/13/2026
Primary Sponsor
Joseph Lagana
Click for details
AI Summary
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Allows active members of the Prosecutors Part of PERS enrolled before the bill's effective date to retire with 20+ years of service regardless of age, removing the current age 55 requirement.
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Eligible members must retire within 60 months (5 years) of the bill's effective date to qualify for this early retirement option.
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Retirement allowance under this provision equals 50% of the member's final compensation.
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Current law requires prosecutors to be at least 55 years old with 20+ years of service credit to receive the 50% final compensation retirement benefit.
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Updates statutory language by replacing "Board of Chosen Freeholders" with "board of county commissioners" for county employment references.
Legislative Description
Permits certain members of Prosecutors Part of PERS to qualify for service retirement with 20 or more years of service.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/13/2026