N.J. Admin. Code § 17:3-4.8

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

Section 17:3-4.8 - Military leave prior to August 1, 1974

(a) For military leave, prior to August 1, 1974, contributions remitted by an employer on behalf of an employee, who does not return to the payroll for the minimum 90-day period required by 18A:66-34, shall be retained by the Fund. Such contributions shall be transferred from the Annuity Savings Fund to the Contingent Reserve Fund. Military leave contributions remitted by an employer shall be based on the employee's salary at the time the member entered military service.

(b) Payroll as referred to in (a) above, shall be interpreted to mean any public school payroll in New Jersey, not necessarily the payroll of the employer where the member was employed when the member entered military service.

N.J. Admin. Code § 17:3-4.8

Amended by 47 N.J.R. 2876(a), effective 11/16/2015