Permits certain members of Prosecutors Part of PERS to qualify for service retirement with 20 or more years of service.

This bill changes retirement rules for prosecutors in New Jersey's Public Employees' Retirement System (PERS). It allows active prosecutors who were enrolled before the bill's effective date to retire with 20 or more years of service, regardless of age (currently requiring age 55). Eligible prosecutors can retire on or after the bill's effective date but no later than 5 years after, receiving a retirement allowance equal to 50% of their final compensation. This removes the age requirement for qualifying for the 50% retirement benefit under current law.