New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 2 - PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Subchapter 5 - PURCHASES AND ELIGIBLE SERVICE
Section 17:2-5.3 - Reestablishing military leave credit
Universal Citation: NJ Admin Code 17:2-5.3
Current through Register Vol. 56, No. 6, March 18, 2024
Veterans who terminated membership before January 1, 1955, and whose withdrawal of contributions included contributions paid by their employers during a period of military leave, shall receive veteran prior service credit for only the periods during which they actually contributed. They can receive additional membership credits for the periods of military leave if they redeposit the amounts of employer contributions, plus regular interest to the date of their authorizations of such purchases.
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