New Jersey S305 allows a retired Public Employees’ Retirement System member to return to elective public office under specific conditions.
New Jersey S305 permits a retired member of the Public Employees’ Retirement System to return to an elective public office with their former employer, either by appointment or election, without losing their retirement benefits. This return is allowed if the retirement allowance has become due and payable, the retiree had reached the service retirement age, and the compensation for the new office is less than $12,000 per year. The bill ensures the retirement system's qualified status under federal law is maintained and modifies the system as necessary to allow for this return.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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