New Jersey bill bars certain public agency employees from participating in PERS and repeals pension credit purchase for labor organization members.

The bill amends the Public Employees' Retirement System (PERS) law to bar certain employees of public agencies from participating in PERS. Specifically, it excludes officers and employees of the New Jersey State League of Municipalities, the New Jersey Association of Counties, the New Jersey School Boards Association, county college insurance groups, district management corporations, and joint insurance funds from PERS enrollment. Additionally, it terminates the enrollment of officers and employees with less than 10 years of service credit in PERS as of the bill's effective date.

New Jersey bill bars certain public agency employees from participating in PERS and repeals pension credit purchase for labor organization members.

The bill amends the Public Employees' Retirement System (PERS) law to bar certain employees of public agencies from participating in PERS. Specifically, it excludes officers and employees of the New Jersey State League of Municipalities, the New Jersey Association of Counties, the New Jersey School Boards Association, county college insurance groups, district management corporations, and joint insurance funds from PERS enrollment. Additionally, it terminates the enrollment of officers and employees with less than 10 years of service credit in PERS as of the bill's effective date.