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NJ S2065
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
- Reinstates automatic cost-of-living adjustments (COLAs) for retirement benefits of certain members of the Police and Firemen's Retirement System (PFRS) in New Jersey
- Amends the "Pension Adjustment Act" (P.L.1958, c.143) and related statutes (P.L.1944, c.255) governing PFRS benefits
- Limits the PFRS Board of Trustees' discretionary authority over COLAs by adding an exception referencing the new provisions in this bill
- COLAs were suspended under P.L.2011, c.78 (pension reform legislation), and this bill would restore automatic adjustments for eligible retirees and beneficiaries
- Pre-filed for introduction in the 2026 legislative session, sponsored by Senators Polistina (District 2) and Schepisi (District 39) with bipartisan co-sponsorship
Legislative Description
Reinstates automatic COLAs for retirement benefits of certain PFRS members.
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
Committee Referrals
State Government, Wagering, Tourism & Historic Preservation1/13/2026
Full Bill Text
No bill text available