Provides TPAF members and certain retirees same benefits provided to members enrolled in retirement system before July 1, 2007.

This bill standardizes pension benefits for New Jersey teachers by moving all current non-retired members of the Teachers’ Pension and Annuity Fund (TPAF) into a single benefit tier (previously called "Tier 1"), granting them the same retirement benefits as members who joined before July 1, 2007. It requires public employers to enroll teachers earning above minimum salary but not meeting work-hour requirements into TAPF within 60 days of enactment. Teachers in the separate Defined Contribution Retirement Program (DCRP) can automatically transfer their service credit to TAPF for retirement eligibility (but not pension amount calculations), with contributions staying in DCRP; they may opt out within six months of notification. The bill also allows TAPF members with long-term disability insurance to apply for disability retirement within two years of enactment.