43:22-13.Ā  Transfer of member to public employees' retirement system Whenever a retirement system has been divided, (1) the State Agency shall execute, in conformity with section 218 of the Social Security Act and applicable Federal regulations, modifications to the Federal-State agreement providing for coverage of any member who requests transfer pursuant to section 218(d)(6)(F) of the Social Security Act, (2) the provisions of P.L.1956, c. 169Ā  (C. 43:15A-111 to 43:15A-119) shall apply, requiring the remittance of the proĀ  rata part of the reserves established under the former system on behalf ofĀ  transferring members to the Public Employees' Retirement System, continuing theĀ  former system's liability for all pensions or other benefits granted by thatĀ  system, and (3) as of the effective date of Social Security coverage forĀ  transferring members, the eligibility of membership for new employees in theĀ  former system shall be terminated and the membership requirements of thatĀ  system shall be deemed satisfied by the enrollment of new employees in theĀ  Public Employees' Retirement System.

The chief fiscal officer of each employer shall timely transmit to the Public Employees' Retirement System such information as the system shall require in order for the Division of Pensions to comply with the provisions of this act.

L.1980, c. 86, s. 4, eff. Aug. 21, 1980.
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