New Jersey Senate Bill S4082

New Jersey 2022-2023 Regular Session

• Introduced: 11/27/23
• Refer: 11/27/23
• Report Pass: 11/30/23

Caption

Extends provisions of P.L.2021, c.498 in certain circumstances.

Impact

The impact of SB S4082 is primarily on the employment structure within the Legislature, enabling a smoother transition for retirees who wish to engage back in public service without losing their retirement benefits. The adjustment to the re-employment duration could be critical in addressing workforce shortages within legislative offices, especially considering the experience and knowledge that these retired individuals bring to the table. By extending the re-employment period, the bill could foster continuity and stability in operations.

Summary

Senate Bill S4082 amends existing legislation concerning the Public Employees' Retirement System (PERS) in New Jersey, specifically extending provisions that allow retired former employees of the Legislature to be re-employed. The bill proposes extending the current two-year limit on terms of re-employment to four years, provided that the individual retired post-2021 and meets specific conditions set forth in the previous law. This allows retirees to return to work while maintaining their retirement benefits, a significant change that supports the flexibility for former public employees.

Contention

Notable points of contention surrounding the bill may arise from differing opinions on the implications of allowing retirees to re-enter the workforce. Supporters argue that the extension provides valuable resources to the Legislature, ensuring that experienced individuals can contribute without significant loss of benefits. Conversely, critics may voice concerns about the potential of undermining opportunities for new employees and the principle that retirement is a final phase of one's career. There is a balancing act between harnessing experienced talent and passing the torch to newer generations in public service.