Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.

This bill requires public employees convicted of certain serious crimes - including bribery, theft over $10,000, sexual misconduct, or corruption involving $500,000 - to forfeit their state or local public pension benefits. The pension board decides if full or partial forfeiture applies, considering factors like the crime's severity, its connection to the employee's duties, and the member's service history. Employees convicted of qualifying offenses lose pension benefits earned during the period of misconduct, though they may receive refunds of their own contributions. It directly affects public officers and employees covered by New Jersey’s state or local pension systems.