The bill amends several sections of New Jersey law regarding the membership and benefits of prosecutors in the Public Employees' Retirement System (PERS) and establishes new salary structures for judicial positions and county prosecutors. It specifies that prosecutors will be members of the Prosecutors Part of PERS, with service credits established without additional costs for prior service in the system. Additionally, it allows county prosecutors to purchase credit for service as law clerks and provides eligibility for service credit for those enrolled in the Defined Contribution Retirement Program. The bill also mandates that all outstanding obligations to the retirement system must be satisfied by prosecutors.

Furthermore, the bill sets the annual salaries for various judicial positions, including the Chief Justice and Associate Justices, starting January 1, 2024, with provisions for annual adjustments based on the Consumer Price Index for the following two years. County prosecutors' salaries are also fixed at $204,166.50 beginning January 1, 2024, with similar annual adjustment provisions. The bill includes stipulations regarding the retirement and health care benefits for former judges who serve as county prosecutors, ensuring they can receive full salaries while in that role without participating in other retirement systems. The act is set to take effect immediately upon approval.

Statutes affected:
Introduced: 43:15A-156
Advance Law: 43:15A-156, 43:6A-13, 52:14-17.32
Pamphlet Law: 43:15A-156, 43:6A-13, 43:6A-11.1, 52:14-17.32