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Vol. 2026 · Bill Detail · Special Edition

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Thursday, September 3, 2026

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NJ · S3753CMTE · 1 COSPONSOR

Requires State Police to establish community policing unit.

Where it is in the process
Plain-English Summary

This bill establishes new cash balance retirement plans for public employees and teachers who join the system on or after July 1, 2020, or have less than five years of service credit by that date. These employees will be eligible for retirement at age 67, with earlier retirement options subject to reductions. Their accounts will receive a minimum 4% annual interest credit, plus an additional credit based on investment returns, and employer contributions will not be added to these accounts.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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