N.J. Admin. Code § 17:2-6.12

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:2-6.12 - Service retirement; eligibility

(a) The qualifications for a "service retirement" depend on a member's date of enrollment in the PERS:

1. A member whose enrollment date is before November 2, 2008, becomes eligible for a "Service" retirement on the first of the month following the member's 60th birthday. If the member's 60th birthday falls on the first of a month, the retirement shall become effective on that date, provided the member files a timely retirement application pursuant to N.J.S.A. 43:15A-47.a, and requests that date.

2. A member whose enrollment date is between November 2, 2008 and June 27, 2011, becomes eligible for a "Service" retirement on the first of the month following the member's 62nd birthday. At the election of a member, if the member's 62nd birthday falls on the first of a month, the retirement shall become effective on that date, provided the member files a timely retirement application pursuant to N.J.S.A. 43:15A-47.a, and requests that date.

3. A member whose enrollment date is after June 27, 2011, becomes eligible for a "Service" retirement on the first of the month following the member's 65th birthday. At the election of a member, if the member's 65th birthday falls on the first of a month, the retirement shall become effective on that date, provided the member files a timely retirement application pursuant to N.J.S.A. 43:15A-47.a, and requests that date.

N.J. Admin. Code § 17:2-6.12

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