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NJ Bill 6024

NJ Bill 6024 overwhelmingly passed the Assembly on Dec 12th with a vote of 9-0 and is headed to the Senate for approval.
It’s purpose is to finally clarify the 20 and out benefit passed in 2000 which allows PFRS members the option to retire at 20 years with 50% of their salary, regardless of their age at the time of retirement. If passed it will correct the misinterpretation of the Christie Administrations reading of the law that has limited PFRS members retirement options.
The bill is being anticipated to reach the Senate by January.

LINK TO BILL 

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