[HISTORY: Adopted by the Mayor and Council of the Borough of Demarest 3-16-2009 by Ord. No. 956. Amendments noted where applicable.]
Individuals serving in the following positions are exempt from Defined Contribution Retirement Program membership, pursuant to N.J.S.A. 43:15C-2:
This chapter 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.
A copy of this chapter shall be filed with the Director of the Division of Pensions and Benefits of the New Jersey Department of the Treasury.