18A:66-8.1 - Discontinuance from teaching service through voluntary serviceĀ in Peace Corps;Ā continuance of membership;Ā conditions
18A:66-8.1.Ā Discontinuance from teaching service through voluntary serviceĀ in Peace Corps;Ā continuance of membership;Ā conditions
If a teacher has been or hereafter shall be discontinued from teaching service through voluntary service in the Peace Corps of the United States, his membership in the Teachers' Pension and Annuity Fund shall continue if he has not withdrawn his accumulated deductions, and if he returns to teaching serviceĀ within a period of 5 years from the date of his discontinuance from service. Any previously held account in the Teachers' Pension and Annuity Fund whichĀ has expired as a result of such a discontinuance shall be reconstructed, andĀ credit for retirement purposes shall be allowed to such member covering theĀ period of his service in the Peace Corps.Ā The method of computation, the termsĀ of the purchase and the credit granted shall be identical to those stipulatedĀ for the purchase of previous membership service by members of the fund asĀ provided in N.J.S. 18A:66-9.
L.1981, c. 431, s. 1, eff. Jan. 9, 1982.
Ā
If a teacher has been or hereafter shall be discontinued from teaching service through voluntary service in the Peace Corps of the United States, his membership in the Teachers' Pension and Annuity Fund shall continue if he has not withdrawn his accumulated deductions, and if he returns to teaching serviceĀ within a period of 5 years from the date of his discontinuance from service. Any previously held account in the Teachers' Pension and Annuity Fund whichĀ has expired as a result of such a discontinuance shall be reconstructed, andĀ credit for retirement purposes shall be allowed to such member covering theĀ period of his service in the Peace Corps.Ā The method of computation, the termsĀ of the purchase and the credit granted shall be identical to those stipulatedĀ for the purchase of previous membership service by members of the fund asĀ provided in N.J.S. 18A:66-9.
L.1981, c. 431, s. 1, eff. Jan. 9, 1982.
Ā