43:16A-48.9 - Police officers in municipalities establishing police departments;Ā contributions, credits, rights and benefits
43:16A-48.9.Ā Police officers in municipalities establishing police departments;Ā contributions, credits, rights and benefits
When a police officer transfers back to the Police and Firemen's RetirementĀ System under the circumstances set forth in section 1 of this act, the policeĀ officer and the employing municipality shall be required to make suchĀ contributions, on the basis of rates established by the actuary of the PoliceĀ and Firemen's Retirement System, which, when added to the funds transferredĀ pursuant to section 1 of this act and any prior contributions made by or onĀ behalf of the transferring police officer retained by the Police and Firemen'sĀ Retirement System, will obtain for the police officer the same credits, rightsĀ and benefits of membership in the Police and Firemen's Retirement System asĀ would have accrued had the police officer continued to be a member of thatĀ system during his entire employment as a police officer.
L.1980, c. 136, s. 2.
Ā
When a police officer transfers back to the Police and Firemen's RetirementĀ System under the circumstances set forth in section 1 of this act, the policeĀ officer and the employing municipality shall be required to make suchĀ contributions, on the basis of rates established by the actuary of the PoliceĀ and Firemen's Retirement System, which, when added to the funds transferredĀ pursuant to section 1 of this act and any prior contributions made by or onĀ behalf of the transferring police officer retained by the Police and Firemen'sĀ Retirement System, will obtain for the police officer the same credits, rightsĀ and benefits of membership in the Police and Firemen's Retirement System asĀ would have accrued had the police officer continued to be a member of thatĀ system during his entire employment as a police officer.
L.1980, c. 136, s. 2.
Ā