New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 7 - ALTERNATE BENEFIT PROGRAM
Subchapter 20 - CONSTRUCTION
Section 17:7-20.3 - Conformance with Federal statutes-ABP Retirement Plan only

Universal Citation: NJ Admin Code 17:7-20.3

Current through Register Vol. 55, No. 48, December 18, 2023

(a) The ABP Retirement Plan has been drafted as a governmental plan intended to conform to the applicable requirements of the Uruguay Round Agreement Act, Pub. L. 103-465; the Uniformed Services Employment and Reemployment Rights Act of 1994, 38 U.S.C. §§ 43 et seq.; the Small Business Job Protection Act of 1996, Pub. L. 104-188; the Taxpayer Relief Act of 1997, Pub. L. 105-34; the Internal Revenue Service Restructuring and Reform Act of 1998, Pub. L. 105-206; and the Community Renewal Tax Relief Act of 2000, Pub. L. 106-554. Furthermore, the ABP Retirement Plan is amended to comply with certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), Pub. L. 107-16; the Pension and Protection Act of 2006 (PPA), Pub. L. 109-280; the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART), Pub. L. 110-245; and the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), Pub. L. 110-458.

(b) Except as otherwise specifically provided in this chapter, this chapter establishes the rights and obligations with respect to individuals who are employees on and after such dates, as applicable, and to transactions under the ABP Retirement Plan on and after such dates, as applicable. The rights and benefits, if any, of individuals who are not employees on or after such dates, as applicable, shall be determined in accordance with the terms and provisions of the ABP Retirement Plan that were in effect on the date that their employment terminated, except as otherwise specifically provided in this chapter or in a subsequent amendment.

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