New Jersey A1727 aligns benefits for Teachers’ Pension and Annuity Fund members with those enrolled before July 1, 2007.

New Jersey A1727 ensures that current, non-retired members of the Teachers’ Pension and Annuity Fund (TPAF) receive the same benefits as those who enrolled in the retirement system before July 1, 2007. The bill removes membership tiers within TPAF, transferring all current non-retired members to the "Tier 1" membership tier. Employees enrolled in the Defined Contribution Retirement Program will be automatically enrolled in TPAF unless they opt out within six months of receiving a notice.

New Jersey A1727 aligns benefits for Teachers’ Pension and Annuity Fund members with those enrolled before July 1, 2007.

New Jersey A1727 ensures that current, non-retired members of the Teachers’ Pension and Annuity Fund (TPAF) receive the same benefits as those who enrolled in the retirement system before July 1, 2007. The bill removes membership tiers within TPAF, transferring all current non-retired members to the "Tier 1" membership tier. Employees enrolled in the Defined Contribution Retirement Program will be automatically enrolled in TPAF unless they opt out within six months of receiving a notice.