N.J. Admin. Code § 17:2-4.11

Current through Register Vol. 56, No. 12, June 17, 2024

Section 17:2-4.11 - Termination; withdrawal

(a) Under the terms of the statutes a member may withdraw from the System only if the member terminates all employment.

(b) To effect a withdrawal, members are required to submit withdrawal applications over the Internet, using a secure account established by the member through the Division's Member Benefits Online System (MBOS). For members who establish that they cannot submit a withdrawal application online, a paper Application for Withdrawal will be accepted.

(c) No application shall be approved, if:

1. The member is on official leave of absence.

2. The member, or employer, certifies that employment has not ended or that the member has taken another position subject to coverage.

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 and there is no legal action contemplated or pending and the dismissal has been adjudged final. If the member or employer does not advise the Division that there is an appeal and the withdrawal application is processed, the member must repay to the PERS, the full amount of contributions with interest before the account may be reinstated.

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

5. The member has a claim pending for Workers' Compensation benefits unless the member signs a waiver indicating that the member still wishes to withdraw.

6. The member has a pending retirement application, unless the member agrees to rescind such application.

N.J. Admin. Code § 17:2-4.11

Amended by 50 N.J.R. 646(a), effective 1/16/2018

Amended by 55 N.J.R. 749(a), effective 4/17/2023