New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S2810

Introduced
2/22/24  
Refer
2/22/24  
Report Pass
3/18/24  
Engrossed
5/20/24  
Refer
5/20/24  
Report Pass
6/24/24  
Enrolled
6/28/24  
Chaptered
9/12/24  

Caption

Changes membership of board of trustees of SPRS to remove requirement that two members be private citizens.

Impact

The amendment will have a significant impact on the governance of the retirement system, potentially enhancing the board's understanding of the concerns and requirements of its members, which may improve decision-making related to benefits and financial strategies. By bringing more police-affiliated members into the fold, the bill is expected to foster a governance model that prioritizes the unique perspectives of law enforcement professionals. This could lead to policies that are better tailored to the specific needs of the police community.

Summary

Bill S2810 proposes amendments to the State Police Retirement System's board of trustees, specifically altering the current membership structure by changing the requirement that two members must be private citizens. Instead, the bill allows for the possibility that these appointees may be current or former police personnel. This modification aims to ensure that the board is more representative of, and directly connected to, the experiences and needs of active and retired members of the police force.

Sentiment

The sentiment surrounding S2810 appears largely supportive among police advocacy groups and current or retired members of the state police. Proponents argue that having more relatable governance will improve the retirement system’s efficiency and responsiveness. However, there may still be concerns from some quarters about maintaining a balance and preventing potential conflicts of interest, given the overlapping roles of trustees and the active police force.

Contention

Notable points of contention include fears that the proposed changes could lead to an insular governance culture that may overlook the broader community expectations and oversight responsibilities of police retirement systems. Critics warn that reducing the number of civilian board members might weaken public trust and transparency within the system. Additionally, discussions have raised concerns about the implications of increased police influence on retirement system decisions, particularly in the context of ongoing discussions about policing and accountability in society.

Companion Bills

NJ A3779

Same As Changes membership of board of trustees of SPRS to remove requirement that two members be private citizens.

Previously Filed As

NJ A3779

Changes membership of board of trustees of SPRS to remove requirement that two members be private citizens.

NJ HB426

Provides relative to membership of the LASERS, TRSL, and LSERS boards of trustees (RE NO IMPACT APV)

NJ HB76

Allow increase in membership of boards of township trustees

NJ A5726

Reinstates automatic COLAs for retirement benefits of certain SPRS members.

NJ S4556

Reinstates automatic COLAs for retirement benefits of certain SPRS members.

NJ SB1682

PEN CD-SURS-BOARD MEMBERSHIP

NJ HF5125

School board membership requirements modified, and school board membership expanded to include student members.

NJ SF5187

School board membership requirements modifications and expansion of school board membership to include student members

NJ HB1306

To Amend The Law Concerning The Membership Of The Boards Of Trustees Of Various Public Retirement Systems.

NJ SB1432

Oklahoma Education Lottery Act; removing provisions for initial membership of board of trustees; Oklahoma Education Lottery Trust Fund. Emergency.

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