[HISTORY: Adopted by the Borough Council of the Borough of Netcong as indicated in article histories. Amendments noted where applicable.]
Article I Defined Contribution Retirement Program
[Adopted 2-11-2010 by Ord. No. 2010-1]
Pursuant to N.J.S.A. 43:15C-2, the following positions are deemed to be eligible for and shall participate in the Defined Contribution Retirement Program if and when the position is filled by a qualified and eligible individual:
The following department heads (unless exempted as set forth below):
Director of Public Safety;
Municipal Public Defender; and
Municipal Court Judge.
Individuals serving in the following positions are exempt from Defined Contribution Retirement Program membership, pursuant to N.J.S.A. 43:15C-2:
This article shall be implemented, construed and subject to the aforesaid Chapter 92 of the Laws of 2007 (N.J.S.A. 43:15C-1 et seq.) as amended from time to time, and any regulations or guidelines provided by the Local Finance Board or the Division of Pensions and Benefits.