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, as well as service credit that can be transferred from other State-administered retirement systems. Members are allowed to purchase service credits for their time in these positions, provided they make the necessary contributions. Additionally, the bill clarifies that members on suspension will be 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 allows members to file for credit for military service, including time spent in military service academies, with a maximum of 10 years of creditable service available for purchase. It specifies that employers are not liable for payments related to these purchases and outlines the responsibilities of the Adjutant General in determining veteran status for credit eligibility. Members who retire before completing their payment obligations will receive pro rata credit for the service purchased prior to retirement, with an option to make a lump sum payment at that time for full credit. 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