A bill (A-6024) sponsored by Assemblyman Wayne DeAngelo to provide members of the Police and Firemen’s Retirement System with an annual retirement benefit of 50 percent of their final compensation after 20 years of service passed the full Assembly on Monday by a vote of 71-0.
The benefit would be available to all PFRS members regardless of enrollment date or age at retirement.
The bill now heads to the Senate for further review.
DeAngelo (D-Mercer, Middlesex) released the following statement:
“Police and firefighters work tirelessly to protect our communities from harm. Every first responder in the PFRS system deserves the same retirement benefits after 20 years, no matter when they retire or enroll in the system. Unfortunately, under rules established by the Christie administration, that is not the case today. This bill will restore parity and fairness, and ensure our dedicated first responders are taken care of in their retirement years.”