SENATE STATE GOVERNMENT, WAGERING, TOURISM & HISTORIC PRESERVATION COMMITTEE

STATEMENT TO

ASSEMBLY, No. 3323

STATE OF NEW JERSEY

DATED:  DECEMBER 16, 2024

      The Senate State Government, Wagering, Tourism & Historic Preservation Committee reports favorably Assembly Bill No. 3323.

      This bill amends the definition of compensation for purposes of the Teachers’ Pension and Annuity Fund (TPAF) to include additional pay for performing extracurricular duties beyond the regular school day or the regular school year.  This additional pay is currently not included in the definition of compensation for pension purposes.  Extracurricular duties include, but are not limited to, preparation for and involvement in public performances, contests, athletic competitions, demonstrations, displays, and club activities.

      As reported by the committee, Assembly Bill No. 3323 is identical to Senate Bill No. 3713, which was also reported by the committee on this date.