Bill Text: NJ S528 | 2012-2013 | Regular Session | Introduced

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Bill Title: Provides one-year opportunity to purchase certain military time for service credit in State-administered retirement system by certain veterans.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2012-01-10 - Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee [S528 Detail]

Download: New_Jersey-2012-S528-Introduced.html

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SENATE, No. 528

STATE OF NEW JERSEY

215th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2012 SESSION

 

 

Sponsored by:

Senator  DONALD NORCROSS

District 5 (Camden and Gloucester)

 

 

 

 

SYNOPSIS

     Provides one-year opportunity to purchase certain military time for service credit in State-administered retirement system by certain veterans.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel

  

An Act permitting the purchase of certain military time for service credit in a State-administered retirement system.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.  A member or former member, or a person required to be a member, of a State-administered retirement system who left employment covered by a State-administered retirement system to enter the uniformed services of the United States and returned to covered employment within the time period and under the circumstances required for entitlement to reemployment rights under Federal and State law, may obtain service credit in a State-administered retirement system, as provided by law and regulation, for peacetime military service prior to October 13, 1994, if the person applies within one year following the effective date of this act, P.L.   , c.   (pending before the Legislature as this bill). 

 

     2.  This act shall take effect immediately. 

 

 

STATEMENT

 

     Currently, under the administrative regulations for the State-administered retirement systems, a person cannot purchase service credit for certain peacetime military service rendered prior to October 13, 1994 because the person must have applied within one year following the date of return to employment or the date when pension contributions were certified to begin if the person's former membership was terminated or was in a different retirement system.  This bill will provide a one-year opportunity to purchase that peacetime military service for those who missed the deadline that existed to purchase service rendered prior to October 13, 1994.