Permits purchase of service credit in PERS, TPAF, PFRS, and SPRS for period of enrollment in military service academy.

This bill allows state employees to purchase service credit in New Jersey's public retirement systems (PERS, TPAF, PFRS, SPRS) for time spent enrolled in military service academies like West Point or Annapolis. It specifically enables members to buy up to 10 years of credit (with possible additional years for veterans) for their military academy service, calculated based on their salary and actuarial factors. The credit purchase must be paid in installments over up to 10 years, with the state or employer not covering these costs. It directly affects current or former state employees who attended military academies before joining public employment. The bill amends existing retirement system rules to include military academy enrollment as eligible service for credit purchase.