This bill establishes an Emergency Services Part within the Public Employees Retirement System (PERS) in New Jersey, aimed at providing enhanced pension and death benefits for certain emergency services employees. The bill defines eligible members as permanent and full-time employees in various emergency services roles, including emergency medical technicians, paramedics, public safety telecommunicators, and certain fire officials, among others. It also includes provisions for mandatory retirement due to age for these employees, similar to the benefits provided to law enforcement officers under the Law Enforcement Officers (LEO) Part of PERS.

Additionally, the bill stipulates that the State will not bear any increased pension costs resulting from the enrollment of emergency services employees in this new part of PERS. The unfunded accrued liability associated with the Emergency Services Part will be determined and amortized in accordance with existing laws governing the retirement system. Overall, the legislation aims to enhance the retirement benefits for emergency services personnel while ensuring that local governments are not financially burdened by these changes.