ASSEMBLY JUDICIARY COMMITTEE

STATEMENT TO

[First Reprint]

SENATE, No. 1603

STATE OF NEW JERSEY

DATED:  MAY 12, 2022

      The Assembly Judiciary Committee reports favorably Senate Bill No. 1603 (1R).

     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.

     The bill is retroactive to November 1, 2020.

      As reported by the committee, Senate Bill No.1603 (1R) is identical to Assembly Bill No. 3771 which was also reported by the committee on this date.