New Jersey § 18a:66-15

§ 18a:66-15.

a. A member who is a member of another State-administered retirement system or pension

fund at the time of enrollment in the Teachers' Pension and Annuity Fund and who does

not contribute to the other system or fund after that time may transfer the service

credit in the other system or fund to the Teachers' Pension and Annuity Fund upon

application and transfer of the member's contributions from the other system or fund

to the fund. If the member has withdrawn the contributions to the other retirement system or

pension fund, the member may purchase credit for the service in the other system or

fund. The purchase shall be made in the same manner and be subject to the same terms and

conditions provided for the purchase of previous membership service by N.J.S.18A:66-9 . b. A member of the retirement system who had established service credit in a municipal

or county retirement system or pension fund, and who was ineligible to transfer the

service credit to the retirement system and withdrew contributions from the municipal

or county retirement system or pension fund, may purchase credit for all of the member's

service in that retirement system or pension fund by paying into the annuity savings

fund the amount required by applying the factor, supplied by the actuary, as being

applicable to the member's age at the time of the purchase, to the member's salary

at that time, or to the highest annual compensation for service in this State for

which contributions were made during any prior fiscal year of membership, whichever

is greater. The terms of the purchase and the credit granted shall be identical, except as otherwise

herein provided, to those stipulated for the purchase of previous membership service

by members of the retirement system as provided by N.J.S.18A:66-9 . c. A member who is a member of the Public Employees' Retirement System, established

pursuant to P.L.1954, c. 84 ( C.43:15A-1 et seq. ), at the time of enrollment in the Teachers' Pension and Annuity Fund and who within three years of the date of that enrollment ceases to be an active contributing member of

the Public Employees' Retirement System may transfer all service credit in the Public

Employees' Retirement System to the Teachers' Pension and Annuity Fund upon application

and transfer of the member's contributions from the Public Employees' Retirement System

to the Teachers' Pension and Annuity Fund. If the member has withdrawn the contributions to the Public Employees' Retirement

System, the member may purchase credit for the service. The purchase shall be made in the same manner and be subject to the same terms and

conditions provided for the purchase of previous membership service by N.J.S.18A:66-9 .