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S.1475

Requires temporary benefit enhancement to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PFRS; makes appropriation.

Introduced·1/13/26
Introduced Text

New Jersey S1475 provides a temporary benefit enhancement for retirees and beneficiaries in the Police and Firemen's Retirement System.

New Jersey S1475 mandates a temporary benefit enhancement for retirees and beneficiaries in the Police and Firemen's Retirement System (PFRS) who receive monthly payments at or below 450 percent of the federal poverty level for a household of one. The enhancement, amounting to $1,000, will be paid once in each of the fiscal years 2025 and 2026. The State will fund these enhancements through an appropriation from the State General Fund.

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Where it stands

Current
State Government, Wagering, Tourism & Historic Preservation Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Jan 13

Senate

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee