Allows a companion to receive PFRS accidental death pension if no spouse survives; adjusts final compensation for accidental death benefits.

This bill amends the Police and Firemen’s Retirement System of New Jersey (PFRS) to allow a companion to receive an accidental death pension if there is no surviving spouse. It defines "companion" as someone who cohabitated with the deceased member for at least two years and was still living with them at the time of death. The bill also requires adjustments to final compensation for calculating accidental death benefits for surviving spouses, companions, and children. Adjustments apply to benefit entitlements granted before the bill's effective date but only for payments made after that date.

Allows a companion to receive PFRS accidental death pension if no spouse survives; adjusts final compensation for accidental death benefits.

This bill amends the Police and Firemen’s Retirement System of New Jersey (PFRS) to allow a companion to receive an accidental death pension if there is no surviving spouse. It defines "companion" as someone who cohabitated with the deceased member for at least two years and was still living with them at the time of death. The bill also requires adjustments to final compensation for calculating accidental death benefits for surviving spouses, companions, and children. Adjustments apply to benefit entitlements granted before the bill's effective date but only for payments made after that date.