reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:66-126.5 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.5 - Waiver; withdrawal

18A:66-126.5. Waiver; withdrawal  Any person who is eligible to receive the increased retirement allowance under the provisions of this act may, at any time, waive his right thereto by filing a written notice of waiver with the secretary of the retirement system. The application for the waiver of all or part of the increase shall be made by the retirant at least 30 days prior to the desired effective date on a form satisfactory to the retirement system and shall be effective on the first day of the following month. Such waiver may be withdrawn at any time and upon such withdrawal the increase in the retirement allowance shall commence with the retirement allowance payment for the next following month. L.1971, c. 278, s. 5.
NJ Rev Stat § 18A:66-126.6 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.6 - Adjustment of retirement allowances

18A:66-126.6 Adjustment of retirement allowances  6. On or before October 1, 1969 and by the same date in each subsequent year, the Director of the Division of Pensions of the State Department of the Treasury shall review the index and determine the percentum of change in the index from the retirement year index, pursuant to the provisions of the Pension Increase Act (P.L.1969, c.169). The percentage of adjustment in the retirement allowances shall be 60% of the percentum of change. The director shall include amounts sufficient to adjust the retirement allowances or pensions payable to all eligible retirants by 60% of the percentum of change in the index as such retirement allowances or pensions may have been originally granted, or increased for certain retirants in accordance with the provisions of the Pension Increase Act (P.L.1969, c.169). The director shall notify the secretary of the retirement system of the percentage of adjustment for the applicable year. The employer and the pension fund shall each pay one-half of the percentage of adjustment, provided however that if the percentage of adjustment from any one year to the next year is greater than ten percent, the amount paid by the pension fund with respect to that particular period shall be limited to five percent. Adjustments by the pension fund in the retirement allowance shall only apply after the effective date of this act (P.L.1995, c.240) and there shall be no retroactive payments for adjustments. In no instance shall the amount of the retirement allowance originally granted and payable to any retirant be reduced as a result of this adjustment. For purposes of this section, a "retirant" shall include all retirants except those whose retirement allowances commenced within the two calendar years prior to the first of the month in which the adjustment is to become effective in any year. L.1971,c.278,s.6; amended 1983,c.216,s.9; 1995,c.240,s.11.
NJ Rev Stat § 18A:66-126.7 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.7 - Blanket increase in original or minimum pensions; adjustment of payments under this act

18A:66-126.7. Blanket increase in original or minimum pensions; adjustment of payments under this act  If legislation is adopted providing for a blanket increase in the original retirement allowances or for minimum allowances to any group of retirants eligible for benefits under this act, all increases provided under this supplementary act shall be terminated on the first of the month when such blanket increases or minimum allowances are payable, except in those instances where the retirant's original allowance plus the increases provided under this act will exceed the amounts payable to such retirants as a result of such other legislation; in such event the amount payable under this act shall be the difference between the new allowance payable by the retirement system and the amount which would otherwise have been paid under this act. Any subsequent annual review of amounts payable under this act for such retirants shall continue to be determined on the basis of the original allowance as granted by the retirement system prior to any blanket increase or provision for minimum allowance for any group of retirants eligible for benefits under this act. L.1971, c. 278, s. 7.
NJ Rev Stat § 18A:66-126.8 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.8 - Director of division of pensions; rules and regulations; reports

18A:66-126.8. Director of division of pensions; rules and regulations; reports  The Director of the Division of Pensions of the State Department of the Treasury shall promulgate such rules and regulations, not inconsistent with the provisions of the Pension Increase Act (P.L.1969, c. 169) and this act, as he shall deem necessary for the effective operation of the program. He shall include a report of the operation of the Pension Increase Act (P.L.1969, c. 169) and this act in his annual report submitted to the Governor and the Legislature regarding all of the operations of the Division of Pensions. The secretary of the retirement system shall furnish such information as the director may request for this purpose. L.1971, c. 278, s. 8.
NJ Rev Stat § 18A:66-126.9 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.9 - Definitions

18A:66-126.9. Definitions  As used in this act: a. "Pension fund" means the fund operating under the provisions of article 2 of chapter 66 of Title 18A of the New Jersey Statutes, as such fund applies to certain employees of the boards of education in school districts in counties of the first class. b. "Retirement system" means the Public Employees' Retirement System of New Jersey as established under the provisions of P.L.1954, c. 84. L.1973, c. 8, s. 1, eff. Jan. 24, 1973.
NJ Rev Stat § 18A:66-126.10 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.10 - Social security; coverage; referendum

18A:66-126.10. Social security; coverage; referendum  a. The State Treasurer, as the State Agency for Social Security, is directed to conduct a referendum on the question of whether the service performed by members of the pension fund established under article 2 of chapter 66 of Title 18A of the New Jersey Statutes should be excluded from or included under the State's agreement with the Federal Government. b. The State Treasurer is further directed to secure Social Security coverage for the members of the pension fund within 60 days after a majority of such members qualified to vote in a referendum as required by section 218(d)(3) of the Social Security Act shall have voted to be covered under terms of that act. The State Treasurer is also directed to obtain Social Security coverage for such members on a prospective basis only. L.1973, c. 8, s. 2, eff. Jan. 24, 1973.
NJ Rev Stat § 18A:66-126.11 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.11 - Application of L.1956, c. 169 upon extension of social security coverage to members of pension fund

18A:66-126.11. Application of L.1956, c. 169 upon extension of social security coverage to members of pension fund  If Social Security coverage is extended to members of the pension fund, the provisions of P.L.1956, c. 169 shall apply to such members of said pension fund subject to the following provisos: a. Any member of the pension fund who was a member on or before June 26, 1962 and who has or shall hereafter have credit in the pension fund and the retirement system for 30 years or more as an employee of a board of education, shall, upon application to the board of trustees of the retirement system, be retired by such board of trustees and shall thereupon receive annually, for and during the remainder of his life, by way of a retirement allowance, an amount equal to 1/60 of the average annual salary received by him during the 3 years immediately preceding his retirement multiplied by the number of years he has credit in the pension fund and the retirement system as an employee of a board of education. Any such retirement allowance payable under this subsection shall be in lieu of the retirement benefits which would accrue to the said employee under the retirement system or any retirement system established by the State or any of its political subdivisions. b. The transfer of prior service, contributing membership credit, and the moneys attributable to the accounts of public employee veteran members of the pension fund to the retirement system shall not alter the service credit previously established. c. All pensions granted by the pension fund shall be payable by the retirement system in equal monthly installments. d. All purchases of service credit contracted with the pension fund shall be continued without alteration in terms of credit to be established, the cost and the amount of the additional payroll deductions prescribed for such purchase. e. All reserves and moneys held by the insurance carrier under contracts provided by employer and employee contributions to the county superintendent of schools, the policyholder, shall be transferred and merged with those maintained for all members of the retirement system. f. If a transferring member was not covered by either or both noncontributory and contributory death benefit coverages, he may be allowed the death benefits of the retirement system, provided, however, that such member must furnish satisfactory evidence of insurability and on the effective date of his membership in the retirement system is actively at work and performing all his regular duties at his customary place of employment. The effective date of coverage for such benefits shall be on the first day of the month which immediately follows the date when such evidence is determined to be satisfactory. Such evidence of insurability will not be required of any transferring member if such member was covered by such benefits immediately prior to the transfer. L.1973, c. 8, s. 3, eff. Jan. 24, 1973.
NJ Rev Stat § 18A:66-126.12 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.12 - Effect of termination of pension fund on article

18A:66-126.12. Effect of termination of pension fund on article  The termination of the pension fund pursuant to the provisions of P.L.1956, c. 169 shall result in the repeal of article 2 of chapter 66 of Title 18A of the New Jersey Statutes and all acts amendatory and supplementary thereto. L.1973, c. 8, s. 4, eff. Jan. 24, 1973.
NJ Rev Stat § 18A:66-127 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-127 - Employees of board of education, agreement to reduce salary for purchase of annuity.

18A:66-127 Employees of board of education, agreement to reduce salary for purchase of annuity.  18A:66-127. Any board of education may enter into an agreement with any of its employees whereby the employee agrees to take a reduction in salary with respect to amounts earned after the effective date of such agreement in return for the board's agreement to use a corresponding amount to purchase for the employee an annuity, as defined by N.J.S.17B:17-5, from any company authorized to sell such annuities under the provisions of Title 17B of the New Jersey Statutes, or to invest in a custodial account for the employee through a broker-dealer or agent registered pursuant to the provisions of sections 9 and 10 of the "Uniform Securities Law (1967)," P.L.1967, c.93 (C.49:3-56 and C.49:3-57).  Any such annuity shall be purchased by means of an individual or group annuity contract which may provide for continuance of purchase payments during total disability, and under which the rights of such employee to such contract shall be nonforfeitable. Any such custodial account shall be established in accordance with and maintained to meet the requirements of section 403(b)(7) or section 457(b) of the Federal Internal Revenue Code of 1986, 26 U.S.C. ss.403(b) and 457(b), as amended. All moneys deferred for section 457 plans adopted after the effective date of this act, P.L.2003, c.155 and any other income shall be held in trust, in one or more annuity contracts or in custodial accounts for the exclusive benefit of the participating employees and their beneficiaries. Every such agreement shall specify the amount of such reduction, the effective date thereof, and shall be legally binding and irrevocable with respect to the amounts earned while the agreement is in effect. The total amount of the reductions in an employee's salary pursuant hereto, for any calendar year, shall not exceed the limitations set forth in sections 403(b), 457(b) and 415(c) of the Internal Revenue Code of 1986 as amended for such year. Any such agreement may be terminated upon notice in writing by either party. Amounts payable pursuant to this section by a board of education on behalf of an employee for a pay period shall be transmitted and credited not later than the fifth business day after the date on which the employee is paid for that pay period. L.1967, c.271; amended 1977, c.187; 1981, c.550, s.1; 1999, c.247, s.1; 2003, c.155, s.1.
NJ Rev Stat § 18A:66-128 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-128 - Reduction of salary for obtaining certain benefits.

18A:66-128 Reduction of salary for obtaining certain benefits.  18A:66-128. Any reduction in salary agreed to by any employee pursuant to the provisions of this article shall be deemed to be a reduction in salary for the purpose of obtaining the benefits afforded under section 403(b) or section 457, 26 U.S.C. ss.403(b) and 457, of the Federal Internal Revenue Code and shall not be deemed to be a reduction in salary in any other matter, the determination of which is based upon the amount of the employee's includable compensation as set forth in sections 403(b) and 457(b) of the federal Internal Revenue Code. L.1967, c.271; amended 2003, c.155, s.2.
NJ Rev Stat § 18A:66-129 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-129 - Agreements validated, confirmed.

18A:66-129 Agreements validated, confirmed.  18A:66-129. Any agreements having the same purpose as agreements authorized by this article, made prior to October 7, 1966, between a board of education and any of its employees are hereby validated and confirmed and shall be as good and effectual as if they had been made under the provisions of this article provided that the terms of any such agreement applicable after July 1, 1967 are in conformity with the terms applicable to the agreements specifically authorized by this article. Any 457(b) deferred compensation plan established by a board of education prior to the effective date of this act, P.L.2003, c.155, which has the same purpose as plans authorized by this act, is hereby validated and confirmed and shall be as good and effectual as if it had been made under the provisions of this act, provided that the terms of such plan, and the manner in which it was established and managed, are in conformity with the provisions of this act. L.1967, c.271; amended 2003, c.155, s.3.
NJ Rev Stat § 18A:66-167 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-167 - Repeals

18A:66-167. Repeals  The following acts or parts of acts are repealed as of July 1, 1969: a. Sections 18A:64C-11.1 to 18A:64C-11.9, inclusive, of the New Jersey Statutes. b. Sections 18A:65-74 to 18A:65-85, inclusive, of the New Jersey Statutes. c. Public Laws 1967, c. 278 (C. 18A:66-130 to C. 18A:66-141, inclusive). d. Public Laws 1967, c. 281 (C. 18A:66-142 to C. 18A:66-153, inclusive). e. Public Laws 1968, c. 181 (C. 18A:66-154 to C. 18A:66-166, inclusive). L.1969, c. 242, s. 1, eff. July 1, 1969.
NJ Rev Stat § 18A:66-168 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-168 - Repeal subject to certain provisos.

18A:66-168 Repeal subject to certain provisos.  2. Repeal of the act and parts of acts, and all amendments and supplements thereto, pursuant to section 1 of this act, is subject to the following provisos: a. The alternate benefit programs established by the Board of Governors of Rutgers, The State University of New Jersey, the Board of Trustees of the New Jersey Institute of Technology and the Board of Higher Education for certain employees of State and county colleges, are continued except as the benefit and contribution schedules are revised by this act.  b. The timely filing of applications for transfer from the Public Employees' Retirement System, the Teachers' Pension and Annuity Fund and the Group Annuity Plan as specified in such acts shall be deemed to have not been revised by this act.  c. The transfer of employee and employer contributions from the Public Employees' Retirement System, the Teachers' Pension and Annuity Fund and the Group Annuity Plan to the insurers or mutual fund companies of the alternate benefit programs shall be considered as having met the requirements of said acts and shall be continued as provided by this act.  d. Any contributions made by a member of the alternate benefit program for any additional death benefit coverage established under said acts shall not be returnable to the member or his beneficiary in any manner, or for any reason whatsoever, nor shall any contributions made for the additional death benefit coverage be included in any annuity payable to any such member or to his beneficiary.  L.1969, c.242, s.2; amended 1993, c.385, s.1; 2012, c.45, s.89.
NJ Rev Stat § 18A:66-168.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-168.1 - Termination of portion of alternate benefit program.

18A:66-168.1 Termination of portion of alternate benefit program.  67. With respect to the portion of the alternate benefit program, P.L.1969, c.242 (C.18A:66-167 et seq.), that is subject to section 403(b) of the federal Internal Revenue Code (26 U.S.C. s. 403(b)), the State may terminate the 403(b) portion of the alternate benefit program only as permitted by the applicable regulations of the United States Department of the Treasury. L.2011, c.78, s.67.
NJ Rev Stat § 18A:66-170.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-170.1 - Commissioner of education; enrollment

18A:66-170.1. Commissioner of education; enrollment  Notwithstanding any other provision of the statutory law, the Commissioner of Education shall have the option to enroll in the Alternate Benefit Program if he exercises such option within 10 days from the date of his appointment. L.1974, c. 67, s. 2, eff. July 11, 1974.
NJ Rev Stat § 18A:66-170.2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-170.2 - Employee subsequently deemed eligible for enrollment pursuant to L.1984, c. 200 to continue participation from date of original enrollment

18A:66-170.2. Employee subsequently deemed eligible for enrollment pursuant to L.1984, c. 200 to continue participation from date of original enrollment  Any employee enrolled in the alternate benefit program who is subsequently deemed to be eligible for enrollment by the Board of Higher Education pursuant to this act is permitted to continue his participation in the program from the date of his original enrollment. L.1984, c. 200, s. 3, eff. Nov. 28, 1984.
NJ Rev Stat § 18A:66-170.3 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-170.3 - Continuation in alternate benefit program

18A:66-170.3. Continuation in alternate benefit program  Notwithstanding the provisions of any law to the contrary, any former employee of the Department of Higher Education or of the Commission on Science and Technology, created pursuant to Executive Order No. 12 of 1982, who was a participant in the alternate benefit program and who has continued in uninterrupted service with the New Jersey Commission on Science and Technology, created pursuant to P.L. 1985, c. 102 (C. 52:9X-1 et seq.), may continue to participate in the alternate benefit program on the same terms as if the employee was an eligible employee of the Department of Higher Education.  L. 1986, c. 21, s. 1.
NJ Rev Stat § 18A:66-170.4 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-170.4 - Former employee of auxiliary organization may participate in alternate benefit program.

18A:66-170.4. Former employee of auxiliary organization may participate in alternate benefit program.  2. Notwithstanding the provisions of any law to the contrary, any employee of an auxiliary organization, as defined in section 2 of P.L.1982, c.16 (C.18A:64-27), at a State or county college who has service credited in a private defined contribution retirement plan and who, without a break in service, becomes an employee of the State or county college may participate in the alternate benefit program if the employee enrolls in the program within 10 days from the effective date of this act or within 10 days from commencement of employment, whichever date is later.   L. 1993,c.28,s.2.
NJ Rev Stat § 18A:66-171 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-171 - Ineligibility for participation in alternate benefit program; enrollment in public employees' retirement system

18A:66-171. Ineligibility for participation in alternate benefit program; enrollment in public employees' retirement system  Those faculty members, who are ineligible for participation in the alternate benefit program, and all other employees of all of the public institutions of higher education in the State, except physicians and dentists holding employment in positions titled intern, resident or fellow on or after the effective date of this amendatory act, shall be enrolled in the Public Employees' Retirement System if they are otherwise eligible. Such eligibility shall extend to all part-time faculty members whose services have been renewed for the succeeding school year. L.1969, c. 242, s. 5, eff. July, 1969. Amended by L.1982, c. 126, s. 2, eff. Sept. 2, 1982.
NJ Rev Stat § 18A:66-172 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-172 - Allocation of contributions; mobility of pension credit

18A:66-172. Allocation of contributions; mobility of pension credit  6. Participants in the alternate benefit program shall be allowed to allocate portions of their own contributions and the contributions of their employer, including amounts used by the employer to purchase an annuity pursuant to a salary reduction agreement under section 24 of P.L.1969, c.242 (C.18A:66-190), to accounts with two or more insurers or mutual fund companies designated pursuant to the provisions of section 3 of P.L.1993, c.385 (C.18A:66-172.1) as companies from which alternate benefit contracts may be purchased, and shall, subject to such rules and regulations as the Division of Pensions may adopt, be permitted to direct the withdrawal of such contributions from their account with one such company for deposit in an account with another such company. Since the establishment of the alternate benefit programs for the several public institutions of higher education in New Jersey is designed to provide mobility of pension credit from within the academic community in and outside the State, and since it is imperative that eligibility for participation in this program be of uniform application in the several schools, it shall be the responsibility of the Director of the Division of Pensions to establish regulations which shall provide for such uniformity.  L.1969,c.242,s.6; amended 1993,c.385,s.4; 1994,c.48,s.189.