State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-66 > 18a-66-70

18A:66-70.  Veterans' free membership in fund
    a.  Each public employee veteran member shall have returned to him his accumulated deductions as of January 1, 1956, less contributions based on his compensation for the year 1955 at the rate of contribution provided in subsection b.  All service rendered in office, position, or employment of this state or of a county, municipality, or school district, board of education or other public employer by such veteran member previous to January 1, 1955, for which evidence satisfactory to the retirement system is presented, shall be credited to him as a  "class B"  member and the accrued liability for such credit shall be paid by the employer as provided in section 18A:66-33; provided, however, that no credit shall be allowed for such service rendered prior to January 1, 1955 unless the member purchases credit for all service rendered on or after such date.

    b.  Each public employee veteran member as of January 1, 1956, shall make contributions to the retirement system at the rates of contribution applicable to class B members of the public employee's retirement system as of January 2, 1955, as provided in section 18A:66-29.  Each public employee veteran member shall pay the proportion of compensation applicable to his age at the commencement of employment, position or office with the State, any county, municipality or school district, board of education or other public employer, except that where such service has not been continuous, the public employee veteran member shall pay the proportion of compensation applicable to the age resulting from the subtraction, as of January 1, 1955, of his years of service from his age.  No public employee veteran member shall be required during the continuation of his membership to increase the proportion of compensation certified on January 1, 1956, or at the time of becoming a member, if later, as  payable by him, except as provided in section 18A:66-29.

    c.  In the event that a public employee veteran who prior to January 1, 1956, rendered service in office, position, or employment of this State or of a  county, municipality, or school district, board of education or other public  employer, but who is not in such office, position or employment on January 1,  1956, shall later become a member of the retirement system, such public  employee veteran member shall receive prior service credit for service rendered  prior to January 1, 1955, for which evidence satisfactory to the retirement  system is presented, and shall pay the proportion of compensation, applicable  to the age resulting from the subtraction of his years of such prior service  from his age on the date of his becoming a member of the retirement system and  as provided in section 18A:66-29.  The State shall pay the accrued liability on  behalf of such prior service, and such liability shall be paid in such a manner  that the total obligation will be met within the period of time fixed for the  liquidation of such accrued liabilities under this article.

L.1967, c.271; amended by L.1971, c. 121, s. 34, eff. April 29, 1971.
 
18A:66-70.1.Permission for member to cancel purchase of credit
7.If, following application by a member of the retirement system to purchase credit therein under any provision of article 1 of chapter 66 of Title 18A of the New Jersey Statutes, as amended and supplemented, the member attains qualification as a veteran member pursuant to the enactment of a law, the adoption of a rule or regulation, the revision of an administrative interpretation or application of such a rule or regulation, or any other official act, the member shall be permitted, upon written application to the retirement system within two years following the effective date of that law, rule, regulation, revision, or other act or within two years of the effective date of P.L.1995, c.406 (C.43:15A-60.2 et al.), whichever is later, to terminate any remaining obligation to complete the purchase and to receive a return of all contributions deducted or other payments made on or after the effective date of the law, rule, regulation, revision, or other act in connection with the purchase.  If any service has been credited under the retirement system to the member in connection with the purchase, the amount of that service so credited shall be reduced in proportion to the return to the member hereunder of any contributions or other payments.

L.1995,c.406,s.7.