N.J. Admin. Code § 17:3-4.11

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:3-4.11 - Termination; withdrawal

(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.

N.J. Admin. Code § 17:3-4.11

Amended by 47 N.J.R. 2876(a), effective 11/16/2015

Amended by 55 N.J.R. 957(a), effective 5/1/2023