N.J. Admin. Code § 17:3-5.9
Current through Register Vol. 56, No. 23, December 2, 2024
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 purpose for which it is authorized under the TPAF Law (18A:66-1 et seq.) and the rules of the Fund.
N.J. Admin. Code § 17:3-5.9
See: 21 N.J.R. 980(b), 21 N.J.R. 2055(b).
Provision of immediate credit for service purchased by a lump-sum payment.
Amended by R.2002 d.352, effective 11/4/2002.
See: 34 N.J.R. 1997(a), 34 N.J.R. 3782(c).
Substituted "Fund" for "retirement system" in the second sentence.
Amended by R.2008 d.94, effective 4/21/2008.
See: 39 N.J.R. 5058(b), 40 N.J.R. 2122(a).
Substituted "TPAF" for "Teachers' Pension and Annuity Fund".