[HISTORY: Adopted by the Township Committee of the Township of Shamong as indicated in article histories. Amendments noted where applicable.]
[Adopted 9-2-2008 by Ord. No. 2008-011]
Pursuant to N.J.S.A. 43:15C-2, the following positions are deemed eligible and shall participate in the Defined Contribution Retirement Program:
Individuals serving in the following positions are exempt from Defined Contribution Retirement Program membership, pursuant to N.J.S.A. 43:15C-2:
Notwithstanding the above, individuals who are already enrolled in a PERS position may continue their PERS position when serving on a DCRP position as long as employment is "continuous" according to the law.
This article shall be implemented, construed and subject to the aforesaid Chapter 92 of the Laws of 2007 (N.J.S.A. 43:15C-1 et seq.) as amended from time to time, and any regulation or guidance documents from the Local Finance Board or the Division of Pension and Benefits.