N.J. Admin. Code § 17:2-5.13

Current through Register Vol. 57, No. 1, January 6, 2025
Section 17:2-5.13 - Lump sum purchases

If a purchase is paid in a lump sum, the member shall receive full credit for the amount of service covered by the purchase upon receipt of the lump sum payment. The service may be used for any purchase for which it is authorized under the Public Employees' Retirement System Act (N.J.S.A. 43:15A-1 et seq.) and this chapter.

N.J. Admin. Code § 17:2-5.13

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