The expansion of this definition is expected to positively affect children of all deceased members of the PFRS and SPRS, allowing them access to benefits at a crucial time for continuing education. The current limitations on benefits for non-line-of-duty deaths will be lifted, ensuring that these children can still benefit from their parent's retirement plan irrespective of the circumstances of the parent’s death. This can help alleviate financial burdens as these young adults pursue higher education.
Summary
Bill A4130 aims to expand the definition of 'child' under the Police and Firemen's Retirement System (PFRS) and the State Police Retirement System (SPRS) in New Jersey. The bill proposes to include a deceased member’s child who is under the age of 24 and enrolled in a degree program at an institution of higher education, provided that the child is taking at least 12 credit hours per semester. This change represents a significant shift from the current definition, which stipulates that to qualify, a child must be a survivor of a member who died in the line of duty.
Contention
Although the bill aims to provide more support and inclusivity, it is likely to face scrutiny regarding financial implications for the retirement systems involved. Questions may arise around the sustainability of benefits for a potentially increased number of eligible dependents and the long-term impact on the funding stability of PFRS and SPRS. Proponents will need to address these financial concerns while emphasizing the moral imperative of supporting the educational goals of these young adults.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.
Increases accidental death benefit for surviving spouse or surviving children of certain PERS members and retirants; provides accidental death benefit to beneficiary of certain PERS and PFRS members and retirants; redefines child.