New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 3 - TEACHERS' PENSION AND ANNUITY FUND
Subchapter 4 - MEMBERSHIP
Section 17:3-4.11 - Termination; withdrawal
Universal Citation: NJ Admin Code 17:3-4.11
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Pursuant to 18A:66-34, a member may withdraw from the Fund only if the member terminates all employment.
(b) To effect a withdrawal, members are required to submit withdrawal applications over the Internet, using a secure account established by the member through the Division's Member Benefits Online System (MBOS). For members who establish that they cannot submit a withdrawal application online, a paper Application for Withdrawal will be accepted.
(c) No application shall be approved, if:
1. The
member is on official leave of absence and the membership is subject to
continuance under 18A:66-8;
2. The
member, or employer, certifies that the member's employment contract has not
expired, or that the member has executed another contract to work in a position
subject to TPAF coverage;
3. The
member has been dismissed or suspended from employment. In this event, such a
member will be eligible to withdraw if the member has formally resigned from
the position and there is no legal action contemplated or pending and the
dismissal has been adjudged final. If the member or employer does not advise
the Division that an appeal is pending and the withdrawal application is
processed, the member will be required to repay the Fund the full amount of
contributions with interest, before the account may be reinstated;
4. A multiple member has not terminated
employment in all covered positions;
5. The member has a claim pending for
worker's compensation benefits unless the member signs a waiver indicating that
the member still wishes to withdraw; or
6. The member has a pending retirement
application, unless the member agrees to rescind such
application.
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