This bill amends current law regarding retired members of the Public Employees Retirement System (PERS) who return to employment in teaching staff positions at public institutions of higher education. Specifically, it eliminates the existing salary threshold of $10,000 per year that previously exempted these retirees from cancellation and re-enrollment requirements upon re-employment. The bill clarifies that retired members can return to teaching positions without any restrictions related to their compensation, thereby allowing them to maintain their retirement benefits regardless of their earnings in these roles.

The legislative intent behind this change is to facilitate the re-employment of retired educators in critical teaching positions without the burden of salary limitations. The bill reflects a proposal from the New Jersey Law Revision Commission and aims to streamline the process for retirees returning to the workforce in education, ensuring that they can contribute their expertise without financial constraints. The act is set to take effect immediately upon passage.

Statutes affected:
Introduced: 43:15A-57.2