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NJ S1475
Bill
Status
1/13/2026
Primary Sponsor
Joseph Cryan
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AI Summary
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Provides a $1,000 temporary benefit enhancement to retirees and beneficiaries of the New Jersey Police and Firemen's Retirement System (PFRS) whose allowance or benefit is at or below 450% of the federal poverty level for a household of one
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Payments would be issued twice: once in State fiscal year 2025 (December 1, 2024) and once in State fiscal year 2026 (December 1, 2025)
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Eligibility is based on retirement allowance, pension, or survivorship benefit amounts as of January 1, 2024 and January 1, 2025
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The State General Fund would cover all costs, with funds placed in a separate non-lapsing account administered by the PFRS board of trustees
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Recipients may voluntarily waive the benefit by filing written notice with the PFRS board at least 30 days before the desired effective date
Legislative Description
Requires temporary benefit enhancement to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PFRS; makes appropriation.
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