[HISTORY: Adopted by the Township Council of the Township of Logan as indicated in article histories. Amendments noted where applicable.]
Article I Defined Contribution Retirement Program
[Adopted 10-7-2008 by Ord. No. 22-2008]
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:
Individuals serving in the following positions are exempt from Defined Contribution Retirement Program membership, pursuant to N.J.S.A. 43:15C-2:
The following positions are not eligible for the Defined Contribution Retirement Plan, as said positions receive compensation pursuant to a professional services resolution and/or agreement:
If an individual is appointed to one of the positions listed in § 43-1 and the individual is not serving in a position as described in § 43-2 above, the Pension Certifying Officer of the municipality may determine that the individual is not required to join the Defined Contribution Retirement Program if that individual:
Was an active participant in the Public Employee Retirement System on July 1, 2007, and continuously since that time; or
Has been appointed pursuant to a valid promotional process; or
Is appointed on a temporary, interim or acting basis to a position requiring state certification, as set forth in § 43-2 herein, and is in pursuit of the required certification; or
Meets such other exceptions that may be approved by the Local Finance Board or the Division of Pensions and Benefits.
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 guidance documents from the Local Finance Board or the Division of Pensions and Benefits.