A-4329
Permits purchase of service credit in PERS for period of time after termination of public employment due to COVID-19 pandemic if member returned to PERS employment within 12 months
Sponsored by: Assemblyman WAYNE P. DEANGELO District 14 (Mercer and Middlesex)
STATEMENT
This bill would permit the purchase of service credit by a member of the Public Employees’ Retirement System (PERS) for time that the member was not working because the member’s public employment was terminated, without personal fault, due directly to the COVID-19 pandemic. This purchase would be allowed if the member returned to service in a PERS-eligible position within 12 months from the date of discontinuance from service due to COVID-19 and returned all of the accumulated member's contributions withdrawn from the retirement system.