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NJ S2383
Bill
Status
1/13/2026
Primary Sponsor
Anthony M. Bucco
Click for details
AI Summary
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Members of New Jersey's Public Employees' Retirement System (PERS), Teachers' Pension and Annuity Fund (TPAF), Police and Firemen's Retirement System (PFRS), and State Police Retirement System (SPRS) may purchase service credit for time enrolled in a U.S. military service academy
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Qualifying academies include the United States Military Academy, Naval Academy, Air Force Academy, and Coast Guard Academy
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Academy enrollment time counts as military service for pension purchase purposes, with members able to buy up to 10 years of credit (plus 5 additional years for qualifying veterans)
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Employers are not liable for any payments to the retirement system for members purchasing military academy service credit
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Purchased military academy service credit remains eligible for consideration when determining qualification for employer-paid retiree health care benefits
Legislative Description
Permits purchase of service credit in PERS, TPAF, PFRS, and SPRS for period of enrollment in military service academy.
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