If this bill becomes law it would increase the amount that a public retiree under 65 years of age may earn in public employment without a reduction in retirement benefits to $35,000; the current limit of $30,000 has been in place since 2007.
Bill S.1866-B was sent to the Governor on 11-26-2019. While the Legislature is in session, the Governor has 10 days (not counting Sundays) to sign or veto bills passed by both houses. Signed bills become law; vetoed bills do not. However, the Governor’s failure to sign or veto a bill within the 10-day period means that it becomes law automatically.