43:16A-48.9 - Police officers in municipalities establishing police departments; contributions, credits, rights and benefits - New Jersey Statutes

43:16A-48.9.  Police officers in municipalities establishing police departments;  contributions, credits, rights and benefits
    When a police officer transfers back to the Police and Firemen's Retirement  System under the circumstances set forth in section 1 of this act, the police  officer and the employing municipality shall be required to make such  contributions, on the basis of rates established by the actuary of the Police  and Firemen's Retirement System, which, when added to the funds transferred  pursuant to section 1 of this act and any prior contributions made by or on  behalf of the transferring police officer retained by the Police and Firemen's  Retirement System, will obtain for the police officer the same credits, rights  and benefits of membership in the Police and Firemen's Retirement System as  would have accrued had the police officer continued to be a member of that  system during his entire employment as a police officer.

     L.1980, c. 136, s. 2.