Allows judgment for restitution of stolen public funds to be levied against convicted employee's retirement allowance or pension contributions.

This bill (S 1535) allows New Jersey public employers to deduct stolen public funds directly from the retirement benefits of employees convicted of theft or misuse of public funds. It modifies pension laws to permit withholding retirement payments or contributions to cover both restitution amounts and prosecution costs. The provision applies only to those convicted under specific statutes related to public fund theft (Chapter 27 of Title 2C). This changes previous protections that generally shielded retirement benefits from such deductions.