N.J. Admin. Code § 17:7-4.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 17:7-4.4 - Responsibility to determine eligibility for participation in ABP

(a) The Director of the Division shall have the responsibility to determine eligibility for participation in the Alternate Benefit Program in accordance with the law and rules governing the Retirement Plan.

(b) If the Director of the Division declares a particular job title to be eligible, all personnel currently employed in that title at that institution will then become eligible for participation in the Alternate Benefit Program and must, if otherwise eligible, elect within 90 days to participate in either the Alternate Benefit Program or the Public Employees' Retirement System.

(c) If an individual does not file an Election of Retirement Coverage form during this 90-day period, the individual must remain in the Alternate Benefit Program.

N.J. Admin. Code § 17:7-4.4