43:15A-140 - Return of contributions; election to maximize benefits; ineligibility for retirement allowance under other state law - New Jersey Statutes

43:15A-140.  Return of contributions;  election to maximize benefits; ineligibility for retirement allowance under other state law
    a.  A member making contributions pursuant to the provisions of this supplementary act and who is not eligible for any benefits hereunder, may, upon  termination of such service as a member of the Legislature, elect to receive  the return of his accumulated contributions in accordance with the provisions  of P.L.1954, c. 84, s. 41a (C. 43:15A-41a);  but if a member of the Legislature  is a member of the retirement system on the basis of other public service, no  application for a return of contributions may be approved until he has  terminated all service covered by the system and makes application for a return  of all contributions made to the retirement system.  If all or any part of a  member's legislative service is applied toward qualifying for benefits under  any other provisions of the act to which this act is a supplement, no return of  contributions made on the basis of legislative salaries shall be approved;  in  that event service established as a member of the Legislature and salaries  pertaining thereto shall be credited in the same manner as all other service  and salaries covered by the retirement system.

    b.  At the time of retirement, a member enrolled on the basis of legislative  as well as other public service shall be permitted to elect the largest  possible retirement allowance, if he qualifies for benefits under both the  provisions of this supplementary act and the act to which this is a supplement.   Upon the election of the legislative retirement benefits provided by this  supplementary act, an application for a return of contributions made on the  basis of such other public service may be approved.

    c.  A member of the Legislature electing to receive a retirement allowance under this supplementary act or the act to which this is a supplement shall be ineligible to receive a retirement allowance or pension for the same service under any other law of the State.

     L.1972, c. 167, s. 6, eff. Nov. 3, 1972.