This bill amends N.J.S.18A:66-2 to expand the definition of "compensation" for the Teachers Pension and Annuity Fund (TPAF) to include additional remuneration for extracurricular activities performed by teachers beyond their regular school day or year. The bill specifies that this additional compensation covers a variety of activities, such as preparation for public performances, contests, athletic competitions, demonstrations, displays, and club activities. Importantly, it clarifies that this additional pay will not include salary adjustments made primarily in anticipation of retirement or remuneration for temporary duties.

The intent of this legislative change is to ensure that teachers receive fair recognition and compensation for their contributions outside of standard teaching hours, which could lead to increased retirement benefits. The bill also removes previous references to "extracurricular" duties, opting instead for the broader term "additional remuneration" to better encompass the various activities teachers engage in. This update aims to enhance the financial acknowledgment of teachers' efforts in extracurricular roles, which play a vital role in student engagement and development. The act is set to take effect on the first day of the second month following its enactment.