NJ police, firefighters can retire early under new law What to know app.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from app.com Daily Mail and Mail on Sunday newspapers.
About 7,600 police and firefighters in New Jersey with 20 years of service are now eligible to retire early under a so-called burnout bill Gov. Phil Murphy signed into law Monday.
The law allows first responders to retire after two decades of work, regardless of their age, and collect a pension equal to 50% of their salary. Previously police and firefighters could only collect the pension if they were also 55 years old.
Public safety workers are immediately eligible to retire under the law, which has an expiration date in two years. Lawmakers limited the period of eligibility after critics of the legislation raised concern about how much it could cost local governments.