Requires spousal consent to election of certain pension payout options under TPAF, JRS and PERS.

This bill requires spousal written consent before public employees in New Jersey's Teachers' Pension and Annuity Fund (TPAF), Judicial Retirement System (JRS), and Public Employees' Retirement System (PERS) can choose retirement payout options that provide no spousal benefits or less than half the member's retirement allowance to a spouse for life. The member must sign a form acknowledging the benefit choice, and the pension division must notify the spouse via certified mail. Spousal consent must be witnessed by a pension representative or notary and cannot be changed without the spouse's approval. This applies specifically to lifetime-only payout options that terminate at the member's death without spousal continuation.