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NJ S1513
Bill
Status
1/13/2026
Primary Sponsor
Joseph Cryan
Click for details
AI Summary
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Elected municipal officials in New Jersey could retire and receive pension benefits while still holding office, provided they voluntarily forfeit all compensation from that elected position
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The retirement allowance cannot be based solely on the person's service in the elected municipal office they continue to hold
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Applies to members of both the state retirement system (P.L.1954, c.84) and the retirement program (P.L.2007, c.92)
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The Department of Treasury must create rules and regulations to implement the provisions
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The law only takes effect if the retirement system's qualified status under federal tax law can be maintained
Legislative Description
Permits certain elected municipal officials to be deemed retired for pension purposes upon forfeiting compensation for that position.
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