Township of Shamong, NJ Chapter 42 Retirement

[HISTORY: Adopted by the Township Committee of the Township of Shamong as indicated in article histories. Amendments noted where applicable.]

GENERAL REFERENCES

Defense and indemnification — See Ch. 14.

Code of Ethics — See Ch. 17.

Length of Service Awards Program — See Ch. 31.

Officers and employees — See Ch. 35.

Article I Defined Contribution Retirement Program

[Adopted 9-2-2008 by Ord. No. 2008-011]

§ 42-1 Positions eligible for participation.

Pursuant to N.J.S.A. 43:15C-2, the following positions are deemed eligible and shall participate in the Defined Contribution Retirement Program:

A. Mayor.

B. Township Committee.

C. Township Administrator.

§ 42-2 Positions exempt from participation.

Individuals serving in the following positions are exempt from Defined Contribution Retirement Program membership, pursuant to N.J.S.A. 43:15C-2:

A. Building Subcode Official.

B. Chief Financial Officer.

C. Construction Code Official.

D. Electric Subcode Official.

E. Fire Subcode Official.

F. Plumbing Subcode Official.

G. Registered Clerk.

H. Tax Assessor.

I. Tax Collector.

§ 42-3 Individuals in PERS positions.

Notwithstanding the above, individuals who are already enrolled in a PERS position may continue their PERS position when serving on a DCRP position as long as employment is "continuous" according to the law.

§ 42-4 Implementation and construal.

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 regulation or guidance documents from the Local Finance Board or the Division of Pension and Benefits.