New Jersey 222nd Legislature Status: Introduced 1 D cosponsors

A 5376 — Permits TPAF and PERS retirees to change named beneficiary upon death of previously named beneficiary.

Last action — INT 1RA REF ASL

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed General Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the General Assembly. Introduced September 10, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill allows certain retirees to change their beneficiary after the previous one dies.

This legislation permits retirees from the Teachers' Pension and Annuity Fund (TPAF) and the Public Employees' Retirement System (PERS) to update their named beneficiaries if the previously designated beneficiary passes away. This change ensures that retirees have the ability to designate a new beneficiary, providing flexibility in managing their benefits.

What this means for you
  • Workers: If you are a TPAF or PERS retiree, you can adjust your beneficiary designations if the original one passes away.

Summary

TPAF & PERS-permit retirees change named beneficiary, death of previously named

Bill Text

  • Introduced View text Current html September 11, 2026

How this bill changes current law

1 change Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends 1 section(s) of the New Jersey statutes: N.J.S.A. 43:15A-50.

  • N.J.S.A. 43:15A-50

    If the payee initially designated by the member dies before the member and after the member's retirement, the member shall be permitted to name another payee in accordance with subsection e. of this section. If the person designated by the member dies before the member and after the member's retirement, the retiree shall be permitted to name another designee in accordance with subsection e. of this section. If the person designated by the member dies before the member and after the member's retirement, the member shall be permitted to name another designee in accordance with subsection e. of this section. If the person nominated by the member to receive a benefit or benefits dies before the member and after the member's retirement date, the member shall be permitted to nominate another person to receive such benefit or benefits in accordance with subsection e. of this section. member shall have the option to nominate another person in accordance with subsection e. of this section, or if the member does not nominate another person the e. If the beneficiary designated by a member dies before the member and after the member's retirement date, the member shall be permitted to designate a new beneficiary by submitting a form to the Division of Pensions and Benefits, which shall be developed by the division. After receiving the completed form, and any accompanying documentation which the division may require, the division shall recalculate the allowance or benefits payable to the member, a beneficiary, or both such that the actuarial value of the allowance or benefits payable on the date the new designation becomes effective is equivalent to the actuarial value of the allowance or benefits payable on that date under the previous beneficiary designation. The system actuary shall certify that the allowance or benefits are of equivalent actuarial value and that the recalculation will not increase the unfunded liability of the system. In performing the recalculation pursuant to this subsection, the division may consider: the present value of the maximum allowance or benefit prior to any reduction, the age of the member at the time of the new beneficiary designation, the age of the newly designated beneficiary, the option selected by the member at the time of the member's retirement, and any other factors deemed appropriate by the division.

    amended

Action History

  1. INT 1RA REF ASL

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 118 not signed on

Sponsors (1)

Co-sponsors (1)

  • Sampson, William B.

Not signed on (118)

118 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance veterans labor
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Frequently asked questions

What does A 5376 do?
TPAF & PERS-permit retirees change named beneficiary, death of previously named
Who sponsors A 5376?
A 5376 is sponsored by Sampson, William B. and Angelozzi, Anthony (Democrat).
What is the current status of A 5376?
This bill has been introduced in the General Assembly. Introduced September 10, 2026. It must pass committee before a floor vote.
Where can I track A 5376?
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Last checked for changes 28 days ago · updated continuously

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