N.J. Admin. Code § 17:10-2.3

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:10-2.3 - Eligibility for purchase

(a) Only active members of the Judicial Retirement System shall be eligible to make application for purchase of credit. An active member is a member who is contributing to the System. After a member separates from service, but does not retire or defer retirement, the member must purchase his or her requested service in a lump sum.

(b) In order to be eligible to purchase service, a member must submit a written request to purchase service and such purchase must be authorized by the member before the expiration date indicated on the letter which quotes the term of the purchase. In no case can a member receive more than one year of service credit for any calendar or fiscal year.

(c) The receipt of a public pension or retirement benefit is expressly conditioned upon the rendering of honorable service by a public officer or employee. Therefore, the Commission shall disallow the purchase of all or a portion of former service it deems to be dishonorable in accordance with 43:1-3.

N.J. Admin. Code § 17:10-2.3

New Rule, R.2003 d.296, effective 7/21/2003.
See: 35 New Jersey Register 388(a), 35 New Jersey Register 3381(a).

Amended by 53 N.J.R. 1016(a), effective 6/7/2021