SENATE STATE GOVERNMENT, WAGERING, TOURISM & HISTORIC PRESERVATION COMMITTEE

STATEMENT TO

SENATE, No. 1603

with committee amendments

STATE OF NEW JERSEY

DATED:  MARCH 3, 2022

      The Senate State Government, Wagering, Tourism and Historic Preservation Committee reports favorably and with committee amendments Senate Bill No. 1603.

     Under current law, a judge may file for deferred retirement from the Judicial Retirement System in order to serve as a county prosecutor or the Administrative Director of the Courts, and in so doing will not be eligible to receive any other payments from the county or State deemed to be payments for retirement accounts, funds, pensions, or annuities.  This bill removes the restriction on the receipt of retirement annuities.

     As amended by the committee, the bill is retroactive to November 1, 2020.

COMMITTEE AMENDMENTS:

      The committee amended the bill to make the bill retroactive to November 1, 2020.