N.J. Admin. Code § 17:1-8.3

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

Section 17:1-8.3 - Return to public employment; pension adjustments

(a) When a retiree returns to public employment to a position covered by the same retirement system from which he or she retired and subsequently retires from the post-retirement employment, each retirement will be treated separately for pension adjustment purposes.

(b) The benefit year for each retirement will be the initial year in which the retirement is effective and the member shall satisfy the 24-month waiting period for each retirement before the pension adjustment benefits may be received for that retirement, if any such pension adjustment benefits are in effect.

(c) If a member was receiving pension adjustment benefits at the time that the initial retirement was cancelled due to the post-retirement employment, he or she shall begin to receive pension adjustment benefits based upon the initial retirement immediately upon the reinstatement of the initial retirement.

N.J. Admin. Code § 17:1-8.3

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