New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 3 - TEACHERS' PENSION AND ANNUITY FUND
Subchapter 4 - MEMBERSHIP
Section 17:3-4.12 - Deductions
Universal Citation: NJ Admin Code 17:3-4.12
Current through Register Vol. 56, No. 18, September 16, 2024
(a) A full pension and contributory insurance deduction shall be taken for the TPAF in any payroll period (monthly or biweekly) in which the member is paid a sufficient amount to make a full normal deduction. If wages are sufficient, deductions should also be made for any other arrears or loan deductions then in effect.
(b) No deductions shall be taken, nor service credit given, in any pay period for employers who report on a biweekly basis or in any month, for employers who report on a monthly basis, in which the employee's salary is not sufficient to cover the required deductions for the TPAF.
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