Borough of Spotswood, NJ Chapter 31 Retirement

[HISTORY: Adopted by the Mayor and Council of the Borough of Spotswood as indicated in article histories. Amendments noted where applicable.]

GENERAL REFERENCES

Administration of government — See Ch. 2.

Court — See Ch. 9.

Personnel — See Ch. 25.

Article I Defined Contribution Retirement Program

[Adopted 9-22-2008 by Ord. No. 2008-16]

§ 31-1 Positions eligible for participation.

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:

A. Municipal Attorney.

B. Board of Adjustment Attorney.

C. Planning Board Attorney.

§ 31-2 Positions exempt from participation.

Individuals serving in the following positions are exempt from Defined Contribution Retirement Program membership, pursuant to N.J.S.A. 43:15C-2:

A. Tax Collector.

B. Chief Financial Officer.

C. Qualified Purchasing Agent.

D. Tax Assessor.

E. Registered Municipal Clerk.

F. Principal Public Works Manager.

§ 31-3 Implementation and construction.

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 regulations or guidance documents from the Local Finance Board or the Division of Pensions and Benefits.