Borough of Pennington, NJ Chapter 49 Retirement

[HISTORY: Adopted by the Borough Council of the Borough of Pennington as indicated in article histories. Amendments noted where applicable.]

GENERAL REFERENCES

Officers and employees — See Ch. 39.

Article I Defined Contribution Retirement Program

[Adopted 12-29-2008 by Ord. No. 2008-13]

§ 49-1 Eligible positions.

Pursuant to the criteria prescribed by law, the following positions are deemed to be eligible for and shall participate in the Defined Contribution Retirement Program:

A. Borough Administrator;

B. Municipal Prosecutor;

C. Municipal Court Judge.[1]

[1] Editor's Note: Former Subsection D, Municipal Court Administrator, which immediately followed, was repealed 6-1-2009 by Ord. No. 2009-6. See now § 49-2H.

§ 49-2 Exempt positions.

Pursuant to the prescribed criteria, individuals serving in the following Borough positions are exempt from membership in the Defined Contribution Retirement Program:

A. Tax Collector;

B. Chief Financial Officer;

C. Construction Code Official;

D. Tax Assessor;

E. Municipal Clerk;

F. Uniform Subcode Inspectors;

G. Superintendent of Public Works;

H. Municipal Court Administrator.

[Added 6-1-2009 by Ord. No. 2009-6]

§ 49-3 Implementation; construal; applicability.

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 may be amended from time to time, and any regulations or guidelines issued by the Local Finance Board in the Department of Community Affairs or the Division of Pensions and Benefits in the Department of Treasury.

§ 49-4 Filing of article.

A copy of this article shall be filed with the Director of the Division of Pensions and Benefits of the New Jersey Department of Treasury.