New Jersey § 43:15a-106

§ 43:15a-106.

This act 1 shall apply to State law enforcement officers as herein defined who are members of

any contributory pension fund supported in whole or in part by the State other than

the Public Employees' Retirement System 60 days after a majority of the members of

such pension fund qualified to vote in a referendum as required by section 218(d)(3)

of the Social Security Act 2 shall have voted to be covered under the terms of that act. At that time such other pension fund shall terminate: the members of such terminated

pension fund shall thereupon be members of the Public Employees' Retirement System;

the number of years of credited service in the terminated pension fund shall be deducted

from each member's age upon the date of termination in order to fix the age upon which

each member's rate of contribution shall be based; the aggregate contributions of

the members shall be transferred to the annuity savings fund and the same credit for

such contributions shall be given toward all the benefits provided by this act and

the act 3 to which this act is a supplement as had been given in such other pension fund;

the reserves for the payment of benefits to existing beneficiaries shall be transferred

to the retirement reserve fund; any other moneys contributed by the State shall be

transferred to the contingent reserve fund; and all securities, assets and records

of such other pension fund shall be transferred to the board of trustees. Any benefits granted from such pension fund prior to such termination shall be continued

by the board of trustees of the Public Employees' Retirement System in the same manner

and under the same conditions as originally granted. 1

N.J.S.A. §§ 43:15A-97 to 43:15A-107. 2

42 U.S.C.A. § 418(d)(3). 3

N.J.S.A. § 43:15A-1 et seq.