NJ S1474

Creates a new EMS Part within the Public Employees' Retirement System (PERS) for emergency medical services employees including EMTs, paramedics, flight nurses, EMS supervisors, dispatchers, and other certified life support personnel.

Allows retirement at age 55 with benefits of 50% of final compensation after 20 years of service, or 2% per year up to 30 years plus 1% per year beyond 30 years.

Provides "special retirement" option after 25 years of service with 65% of final compensation plus 1% for each year between 25-30 years.

Requires members to contribute 10% of salary to the retirement fund and mandates retirement at age 70.

Makes the State liable for all increased pension costs to counties and municipalities, with unfunded liability amortized over 30 years.