NJ S3418

Creates an Emergency Services Part within New Jersey's Public Employees' Retirement System (PERS) with enhanced pension and death benefits equivalent to those provided to law enforcement officers under the LEO Part of PERS.

Covers permanent full-time emergency medical technicians, paramedics, public safety telecommunicators, 911 dispatchers, fire inspectors, county fire marshals, and firefighters who don't qualify for the Police and Firemen's Retirement System due to age or medical requirements.

Allows retirement at age 55 with 20 years of creditable service, with mandatory retirement at age 65 (or age 70 for veterans who haven't completed 20 years of service).

Provides a retirement allowance of 2% of final compensation per year of service up to 25 years, plus 1% per year over 25 years, with a supplementary "special" allowance of 5% of final compensation for those with 25+ years (capped at 70% total of final compensation).

Requires local governments (not the State) to cover increased pension costs, with unfunded accrued liability to be amortized over 30 years.