Statutes, codes, and regulations
New Jersey Administrative Code
Title 17 - TREASURY - GENERALChapter 8 - SUPPLEMENTAL ANNUITY COLLECTIVE TRUST PROGRAM
Subchapter 2 - ENROLLMENT, CONTRIBUTIONS AND TRANSFERS
Section 17:8-2.2 - Enrollment applications

N.J. Admin. Code § 17:8-2.2

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 17:8-2.2 - Enrollment applications
(a) Each employee participating in the regular and tax-sheltered programs shall file a SACT Enrollment Request, which shall be completed and certified by the employer. To enroll in the SACT Tax-Sheltered Plan, the eligible employee must also complete a Salary Reduction Agreement.
(b) To be eligible to participate in the regular and tax-sheltered programs, the eligible employee must be an actively contributing member of the Public Employees' Retirement System, Teachers' Pension and Annuity Fund, Police and Firemen's Retirement System, State Police Retirement System, or Judicial Retirement System. Only members of the PERS or TPAF who are employed by public educational institutions are eligible to participate in the SACT tax-sheltered plan.

N.J. Admin. Code § 17:8-2.2

Amended by 53 N.J.R. 1921(b), effective 11/15/2021