43:15A-133 - Termination of membership in system; effect - New Jersey Statutes

43:15A-133.  Termination of membership in system;  effect
    In the case of those persons who elect to terminate their membership in the  Public Employees' Retirement System of New Jersey and to enroll in the Federal  Civil Service Retirement System, as of January 1, 1969 they shall be no longer  covered under Social Security pursuant to the State's agreement with the  Federal Government.  They shall continue to be ineligible for participation in  the Public and School Employees Health Benefits program and they shall likewise  be ineligible to convert any or all of the noncontributory and/or contributory  group life insurance which coverage they may now have as members of the Public  Employees' Retirement System of New Jersey.  The withdrawal of their funds from  the State retirement system and the establishment of service credits in the  Federal Civil Service Retirement System shall follow the provisions of the  National Guard Technicians Act of 1968 and likewise, pursuant to such act, they shall be eligible for all other employee benefits as provided to all other Federal employees.

     L.1968, c. 354, s. 3, eff. Nov. 26, 1968.