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S4266 1R FISCAL ESTIMATE
LEGISLATIVE FISCAL ESTIMATE
[First Reprint]
SENATE, No. 4266
STATE OF NEW JERSEY
222nd LEGISLATURE
DATED: JUNE 25, 2026
SUMMARY
Synopsis:
Permits retired municipal code officials to return to
part-time employment after 90-day period without reenrollment in PERS.
Type of Impact:
Potential annual local expenditure reduction.
Agencies Affected:
Certain local government units.
Office of
Legislative Services Estimate
Annual Fiscal Impact
Local Expenditure Decrease
Indeterminate
�
The Office of Legislative Services (OLS) anticipates that
permitting retired municipal code officials to return to part-time employment
after a 90-day period without reenrollment in the Public Employees� Retirement
System, and within three years after the effective date of the bill, will
result in indeterminate expenditure decreases for the affected local employer
provided that certain conditions are met and the qualified status of the
retirement system can be maintained upon the bill�s application.
�
Such decreases will result from the returning official not
incurring additional service credit upon reemployment.
�
As the OLS does not know the number of retired officials who will
return to employment under the bill�s provisions, nor the salary of such
officials, the reduction in costs is indeterminate.
BILL DESCRIPTION
����� This bill permits retired municipal code officials to
return to part-time employment after a 90-day period without reenrollment in
the Public Employees� Retirement System.
����� Under the bill, a former member of the Public
Employees� Retirement System who served as a municipal code official and who
has been granted a retirement allowance for any cause other than disability,
may return to employment as a municipal code official within three years after
the effective date of the bill, and will be eligible to continue employment,
without cancelation of the retirement and reenrollment in the system, if: (1)
the return commences no fewer than 90 days after the date of retirement; (2) the
former member had attained the service retirement age applicable to that member
as of the date of retirement; and (3) the former member is re-employed as a
part-time employee and works no more than 20 hours per week.
����� The bill requires the former member�s retirement to
have been a bona fide retirement and prohibits any return to employment to be
prearranged before retirement.
FISCAL ANALYSIS
EXECUTIVE BRANCH
����� None received.
OFFICE OF LEGISLATIVE SERVICES
����� The OLS anticipates that permitting retired municipal
code officials to return to part-time employment after a 90-day period without
reenrollment in the Public Employees� Retirement System, and within three years
after the effective date of the bill, will result in indeterminate expenditure
decreases for the affected local employer provided that certain conditions are
met and the qualified status of the retirement system can be maintained upon
the bill�s application.���� � ��������� Such decreases will result from the returning
official not incurring additional service credit upon reemployment.
����� As the OLS does not know the number of retired
officials who will return to employment under the bill�s provisions, nor the
salary of such officials, the reduction in costs is indeterminate.
Section:
State Government
Analyst:
Anna Harris
Associate Fiscal Analyst
Approved:
Thomas Koenig
Legislative Budget and Finance Officer
This legislative fiscal estimate has been produced by the
Office of Legislative Services due to the failure of the Executive Branch to
respond to our request for a fiscal note.
This fiscal estimate has been prepared pursuant to P.L.1980,
c.67 (C.52:13B-6 et seq.).