[Adopted 8-5-2008 by Ord. No. 08-10R]
Pursuant to N.J.S.A. 43:15C-2, the following positions are deemed
to be eligible for 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:
B. Borough Chief Financial Officer.
C. Borough Construction Code Official.
E. Registered Municipal Clerk.
F. Licensed Uniform Sub-Code Inspectors.
G. Principal Borough Public Works Manager.
If an individual is appointed to one of the positions listed in §
83-2 above and the individual is not serving in a position as described in §
83-3 above, the Pension Certifying Officer of the Borough may determine that the individual is not required to join the Defined Contribution Retirement Program if that individual:
A. Was an active participant in the Public Employee Retirement System
on July 1, 2007, and continuously since that time; or
B. Has been appointed pursuant to a valid promotional process; or
C. Is appointed on a temporary, interim, or "acting" basis to a position requiring state certification as set forth in §
83-3 above and is in pursuit of the required certification; or
D. Meets such other exceptions that may be approved by the Local Finance
Board or the Division of Pensions and Benefits.
This article shall be implemented, construed and subject to Chapter
92 of the Laws of 2007 (N.J.S.A. 43:15C-1 et seq.), as amended from time to time, and any regulations or guidance documents issued by the Local Finance Board or the Division of Pensions and Benefits.