43:13-29.1 Closure of existing lifeguard pension plans to new entrants; cities not required to establish life guard pension plans.
7. a. On or after the effective date of this act, P.L.2025, c.396 (C.43:13-29.1 et al.), the governing body of a city of the fourth class that has established a lifeguard pension plan pursuant to the provisions of this article shall be permitted to close that existing lifeguard pension plan to new entrants. Any active or retired members in a plan that is closed to new entrants pursuant to this section shall continue to be eligible for service retirement and other benefits, as may be provided under current law; provided, however, that the city’s governing body may modify or terminate the offer of pension and other benefits for active members of the pension plan who have not attained at least 10 years of service in the plan. Any current or former member of a lifeguard force who does not qualify for a pension shall receive a return of all accumulated deductions, plus regular interest, as determined by the lifeguard pension commission. b. The governing body of a city of the fourth class that has not established a lifeguard pension plan on or after the effective date of P.L.2025, c.396 (C.43:13-29.1 et al.) shall not be required to establish a lifeguard pension plan pursuant to the provisions of this article. L.2025, c.396, s.7.