N.J. Admin. Code § 17:1-4.2
Current through Register Vol. 56, No. 24, December 18, 2024
A member who receives a written optional purchase cost quotation is given a 90-day grace period to confirm that he or she wishes to make the purchase of service credit. If the confirmation of the purchase is not received from the member within 90 days, the cost of purchase must be recalculated to determine if any change in the cost is warranted as a result of change in age or salary.
N.J. Admin. Code § 17:1-4.2
See: 40 N.J.R. 4928(a), 41 N.J.R. 277(a).
Inserted "service".