N.J. Admin. Code § 17:3-6.12

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:3-6.12 - Service retirement; eligibility

(a) The qualifications for a "service retirement" depend on a member's date of enrollment in the TPAF:

1. For members whose enrollment date is before November 2, 2008, a member becomes eligible for a "Service" retirement on the first of the month following the member's 60th birthday. At the election of a member, if the member's 60th birthday falls on the first of a month, the retirement shall become effective on that date provided the member files a timely retirement application pursuant to N.J.S.A. 18A:66-43(a) and requests that date.

2. For members whose enrollment date is between November 2, 2008 and May 21, 2010, a member becomes eligible for a "Service" retirement on the first of the month following the member's 62nd birthday. At the election of a member, if the member's 62nd birthday falls on the first of a month, the retirement shall become effective on that date provided the member files a timely retirement application pursuant to N.J.S.A. 18A:66-43(a) and requests that date.

3. For members whose enrollment date is after May 21, 2010, a member becomes eligible for a "Service" retirement on the first of the month following the member's 65th birthday. At the election of a member, if the member's 65th birthday falls on the first of a month, the retirement shall become effective on that date provided the member files a timely retirement application pursuant to N.J.S.A. 18A:66-43(a) and requests that date.

N.J. Admin. Code § 17:3-6.12

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