This bill amends Section 27 of P.L.1966, c.217 (C.43:15A-57.2) to eliminate the salary threshold for retired members of the Public Employees Retirement System (PERS) who return to employment in teaching staff positions at public institutions of higher education. Previously, the law stipulated that the cancellation and re-enrollment provisions would not apply if the retired member's compensation exceeded $10,000 per year. The bill removes this salary reference, allowing retirees to return to teaching positions without any restrictions based on their annual compensation.

Additionally, the bill clarifies that the cancellation, re-enrollment, and additional retirement allowance provisions will not apply to former members who are reemployed in positions of critical need as determined by the State Commissioner of Education or a school district superintendent. It also allows for the possibility of renewing contracts for an additional year, provided the total employment period does not exceed two years. The changes are based on a proposal from the New Jersey Law Revision Commission and aim to facilitate the return of retired educators to the workforce without financial limitations.

Statutes affected:
Introduced: 43:15A-57.2