New Jersey Statutes 40A:14-127.3. Rate of pension contributions
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Terms Used In New Jersey Statutes 40A:14-127.3
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
3. The Board of Trustees of the Police and Firemen’s Retirement System of New Jersey shall accept as a member of the retirement system any policeman otherwise eligible for membership appointed pursuant to section 1 of P.L.1979, c.461 (C. 40A:14-127.1), provided that he shall contribute to the retirement system at a rate based on his current age at the time of reenrollment; except that in the case where reappointment occurs within two years following the person‘s separation and such person has not withdrawn his contributions from the retirement system pursuant to section 11 of P.L.1944, c.255 (C. 43:16A-11), the person’s rate of contribution upon reappointment shall be the same as it was at the time of separation.
L.1979,c.461,s.3; amended 1980,c.41,s.2; 1991,c.492,s.3.