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A 1675 - Amends the Standards for Pension Reduction for Retired State Employees - New Jersey Key Vote

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Title: Amends the Standards for Pension Reduction for Retired State Employees

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that amends the standards for pension reduction for retired state employees in New Jersey.

Highlights:

  • Amends the standards for pension reduction for retired state employees in New Jersey (Sec. 1-6).

  • Extends membership in Teachers’ Pension and Annuity Fund (TPAF) to 10 years after discontinuance of service and to 15 years for those who were laid off or had 10 or more years of continuous service upon voluntary termination (Sec. 1-6).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 7).

Full Bill Text

See How Your Politicians Voted

Title: Amends the Standards for Pension Reduction for Retired State Employees

Vote Smart's Synopsis:

Vote to amend and pass a bill that amends the standards for pension reduction for retired state employees in New Jersey.

Highlights:

  • Amends the standards for pension reduction for retired state employees in New Jersey (Sec. 1-6).

  • Extends membership in Teachers’ Pension and Annuity Fund (TPAF) to 10 years after discontinuance of service and to 15 years for those who were laid off or had 10 or more years of continuous service upon voluntary termination (Sec. 1-6).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 7).

Full Bill Text

Title: Amends the Standards for Pension Reduction for Retired State Employees

Title: Amends the Standards for Pension Reduction for Retired State Employees

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