Using the tri-hamiltonian splitting method, the authors of [Anco and Mobasheramini, Physica D, 355: 1--23, 2017] derived two U (1) -invariant nonlinear PDEs that arise from the hierarchy of the nonlinear Schrdinger equation and admit peakons ($ non-smooth\solitons $). In the present paper, these two peakon PDEs are generalized to a family of U (1) -invariant peakon PDEs parametrized by the real projective line U (1) . All equations in this family are shown to posses $ conservative\peakon\solutions $(whose Sobolev U (1) norm is time invariant). The Hamiltonian structure for the sector of conservative peakons is identified and the peakon ODEs are shown to be Hamiltonian with respect to several Poisson structures. It is shown that the resulting Hamilonian peakon flows in the case of the two peakon equations derived in [Anco and Mobasheramini, Physica D, 355: 1--23, 2017] form orthogonal families, while in general the Hamiltonian peakon flows for two different equations in the general family intersect at a fixed angle equal to the angle between two lines in U (1) parametrizing those two equations. Moreover, it is shown that inverse spectral methods allow one to solve explicitly the dynamics of conservative peakons using explicit solutions to a certain interpolation problem. The graphs of multipeakon solutions confirm the existence of multipeakon breathers as well as asymptotic formation of pairs of two peakon bound states in the non-periodic time domain.