N.J. Admin. Code § 17:1-3.8

Current through Register Vol. 56, No. 21, November 4, 2024

Section 17:1-3.8 - Withdrawal application; processing

(a) Withdrawal applications which are filed prior to the member's resignation or the termination of compensation, will not be processed until the effective date of the later of the two conditions.

(b) Under the terms of the statutes a member may withdraw from a retirement system only if the member terminates all covered employment.

(c) No application shall be approved, if:

1. The member is on official leave of absence;

2. The member certifies that employment has not ended or that the member has taken another position covered by the retirement system;

3. The member has been dismissed or suspended from employment. In this event, such a member will be eligible to withdraw if the member has formally resigned from the position or there is no legal action contemplated or pending and the dismissal has been adjudged final;

4. A multiple member has not terminated employment in all covered positions; or

5. The member has a claim pending for Workers' Compensation benefits.

N.J. Admin. Code § 17:1-3.8