Contributions by employee to cease on termination of municipal employment; refunds on termination of employment before retirement

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43:11A-3. Contributions by employee to cease on termination of municipal employment; refunds on termination of employment before retirement

Any contribution required to be made by an employee under an applicable New Jersey pension act shall cease upon the termination of his municipal employment. If a former municipal employee terminates his employment with the Port Authority prior to retirement as herein provided, he shall be entitled to receive any refunds to which he would, under such applicable pension act, have been entitled upon the termination of his municipal employment.

L.1948, c. 250, p. 1108, s. 3.


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