The bill amends existing laws regarding creditable service for members of the State Police Retirement System in New Jersey. It expands the definition of creditable service to include various roles within the Motor Vehicle Commission, the State Capitol Police Force, and the Bureau of Marine Law Enforcement, provided that the required contributions are made. Additionally, it allows members to purchase service credits for time spent in these roles or for military service, with specific provisions for payment plans and conditions under which service can be credited. The bill also clarifies that members on suspension are considered in service during their suspension period, although that time will not count as creditable service unless they receive salary for it.

Furthermore, the bill stipulates that members who retire before completing their payment agreements will receive pro rata credit for the service purchased prior to retirement, with an option to make a lump sum payment at retirement to obtain full credit. It also outlines the responsibilities of the Adjutant General in determining veteran status for military service credit purchases and ensures that employers are not liable for payments related to these purchases. The act is set to take effect immediately upon approval.

Statutes affected:
Introduced: 53:5A-6, 53:5A-6.1
Advance Law: 53:5A-6, 53:5A-6.1
Pamphlet Law: 53:5A-6, 53:5A-6.1