N.J. Admin. Code § 17:3-6.21

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

Section 17:3-6.21 - Determination of last year's salary; veterans paid on a monthly basis

(a) In order to determine the last year's salary for a veteran with 35 or more years of creditable service, age 55 or older, reported on a monthly basis under a 10-month contract, the creditable salaries upon which contributions were made in the member's final 10 months of pensionable service preceding retirement or in the consecutive 10-month period in which the member achieved the greatest earnings, including any retroactive salary payments that are attributable to the covered period and paid as part of a salary agreement with a group of employees, shall be used.

(b) In order to determine the last year's salary for a veteran with 35 or more years of creditable service, age 55 or older, reported on a monthly basis under a 12-month contract basis, the member's creditable salaries upon which contributions were made in the member's final 12 months of pensionable service preceding retirement, or in the consecutive 12-month period in which the member achieved the greatest earnings, including any retroactive salary payments that are attributable to the covered period and paid as part of a salary agreement with a group of employees, shall be used.

(c) In order to determine the last year's salary for a veteran with 20 or more years of creditable service, age 60 or older, or a veteran with 25 or more years of creditable service, age 55 or older, reported on a monthly basis under a 10-month contract, the creditable salaries upon which contributions were made in the member's final 10 months of pensionable service preceding retirement or in the consecutive 10-month period in which the member achieved the greatest earnings, including any retroactive salary payments that are attributable to the covered period and paid as part of a salary agreement with a group of employees, shall be used.

(d) In order to determine the last year's salary for a veteran with 20 or more years of creditable service, age 60 or older, or a veteran with 25 or more years of creditable service, age 55 or older, reported on a monthly basis under a 12-month contract, the member's creditable salaries upon which contributions were made in the member's final 12 months of pensionable service preceding retirement, or in the consecutive 12-month period in which the member achieved the greatest earnings, including any retroactive salary payments that are attributable to the covered period and paid as part of a salary agreement with a group of employees, shall be used.

(e) If a member was reported on any combination of 10 and 12-month contract years in such months, the last year's salary shall be determined on a proportional basis.

N.J. Admin. Code § 17:3-6.21

New Rule, R.2002 d.352, effective 11/4/2002.
See: 34 N.J.R. 1997(a), 34 N.J.R. 3782(c).
Amended by R.2008 d.94, effective 4/21/2008.
See: 39 N.J.R. 5058(b), 40 N.J.R. 2122(a).
In (a), (c) and (d), deleted "use" following "contract,"; in (a), (b), (c) and (d), inserted ", shall be used"; in (a), inserted "or in the consecutive 10-month period in which the member achieved the greatest earnings"; in (b), deleted "use" following "contract basis," and inserted "or in the consecutive 12-month period in which the member achieved the greatest earnings,"; and in (c), substituted "10-month period" for "10 month period".