The bill mandates the Commissioner of Education to establish a Teacher Retention Program aimed at incentivizing teachers to remain in public school employment in New Jersey. Under this program, the commissioner is required to provide an annual retention grant to each full-time public school teacher upon the completion of the school year.

To fund these grants, the bill stipulates that the State Treasurer will redirect funds that were previously appropriated for services and aid to undocumented persons, which includes areas such as health care and education, to the Department of Education specifically for the Teacher Retention Program. This redirection of funds is intended to support the financial incentives for teachers as outlined in the bill. The act is set to take effect immediately upon passage.