N.J. Admin. Code § 17:10-4.1

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

Section 17:10-4.1 - Creditable salary (compensation)

(a) "Compensation" means the base salary for services as a member of the JRS, as defined at N.J.S.A. 43:6A-3f, in accordance with established policies of the State for all employees in the same position.

(b) "Compensation" shall not include:

1. Individual salary adjustments that are granted primarily in anticipation of the member's retirement.

2. Retroactive salary adjustments if the increase is not of a normal, overall, published program of increases.

3. Bonus or overtime payments; or

4. Longevity, terminal leave, or vacation payments, if paid in a lump sum or other than as a regular salary disbursement.

(c) With respect to all claims for benefits, the Division of Pensions and Benefits shall investigate increases in compensation reported for credit which exceed the reasonably anticipated annual compensation increases for members of the System. Those cases where a violation of the statute is suspected shall be referred to the Commission.

N.J. Admin. Code § 17:10-4.1

Amended by 48 N.J.R. 1315(a), effective 6/20/2016