N.J. Admin. Code § 17:1-17.8

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:1-17.8 - Normal retirement age for the Public Employees' Retirement System

(a) In addition to any other vesting provided by State law and in accordance with Internal Revenue Service guidance, a member's benefit is nonforfeitable upon attainment of the normal retirement age, which is as follows:

1. For PERS General:

i. Age 60 for persons who become members before November 2, 2008 (Tier 1 and Tier 2);

ii. Age 62 for persons who become members on or after November 2, 2008 (Tier 3 and Tier 4); and

iii. Age 65 for persons who become members on or after June 28, 2011 (Tier 5);

2. For Law Enforcement Officers, age 55;

3. For Prosecutors, age 55;

4. For Legislators, age 60;

5. For Workers Compensation judges, age 60; and

6. For Veterans, age 55 (age 60 for persons who are members on January 2, 1955).

N.J. Admin. Code § 17:1-17.8

Amended by 48 N.J.R. 1306(a), effective 6/20/2016