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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

    Chapter 3c: Pensioners in public employment

      Section: 43:3c-19: Member fully vested in accumulated contributions.

          
61. a. A member shall be fully vested in his or her accumulated contributions at all times.

b. A member shall be fully vested in his or her service retirement benefit upon the attainment of normal retirement age under the retirement system and the completion of any required years of service. Normal retirement age means the age established by regulation consistent with statute.

c. In conformity with section 401(a)(8) of the federal Internal Revenue Code (26 U.S.C. s.401(a)(8)), any forfeitures of benefits by members or former members of the plan shall not be applied to increase the benefits any member would otherwise receive under the plan.

L.2011, c.78, s.61.

This section added to the Rutgers Database: 2017-03-10 13:14:12.






Older versions of 43:3c-19 (if available):



Court decisions that cite this statute: CLICK HERE.