Extends membership in TPAF to four years after discontinuance of service and to 20 years for those who were laid off or had 10 or more years of continuous service upon voluntary termination.
This bill amends New Jersey's Teachers' Pension and Annuity Fund (TPAF) rules to extend the time members can be out of service while maintaining their pension membership. It changes the cutoff from 2 years to 4 years for most members who discontinue service, and extends the return-to-service window from 10 to 20 years for those who were laid off or had 10+ years of service when they voluntarily left. The bill also ensures members who terminated employment before the bill's effective date but returned within the extended timeframe would be enrolled in their original membership tier without additional contributions. This affects current and former public school teachers who are members of the TPAF. The changes provide more flexibility for educators who leave teaching positions but may want to return later.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2024
Last action Feb 5, 2024
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Feb 5, 2024
Introduced
Introduced in the Assembly, Referred to Assembly State and Local Government Committee
lower
2 primary · 0 co-sponsors
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