Requires pay for extracurricular activities to be included in compensation for TPAF purposes.

This New Jersey bill requires that pay for extracurricular activities be counted as compensation when calculating contributions to the Teachers' Pension and Annuity Fund. It directly affects teachers who earn additional money for duties outside the regular school day or year, such as coaching sports, leading clubs, or participating in performances. By including this extra pay in the definition of compensation, the bill ensures these earnings are used to determine pension benefits and retirement contributions. The change applies to teachers joining the retirement system on or after July 1, 2007, and does not include salary adjustments made primarily in anticipation of retirement.