This bill amends the regulations governing the Police and Firemen's Retirement System (PFRS) in New Jersey by removing certain limitations on the receipt of retirement or death benefits for its members. Specifically, it prohibits the Board of Trustees from withholding these benefits based solely on the existence of ongoing civil litigation involving the member. However, the bill maintains the board's authority to suspend benefits if the member is facing criminal charges or has been dismissed from public employment due to administrative charges.

Additionally, the bill grants the board the power to adjust a member's retirement or death benefits based on the outcome of any legal proceedings in which the member was involved. This change aims to ensure that members are not penalized with withheld benefits due to civil litigation while still allowing for adjustments based on criminal or administrative issues. The act is set to take effect immediately upon passage.