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  • NJ A3857
  • Allows reemployment by school district of TPAF retiree as advisor of school sponsored club or program when compensation is under $10,000.
Introduced
(6/2/2016)
In Committee
(6/2/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
P.L.2014, c.21 created an exception to current regulations to allow a retired member of the Teachers' Pension and Annuity Fund (TPAF) to become employed again with the former employer in a position as a coach of an athletics activity if the employment begins after the retirement allowance becomes due and payable; the retired member had attained service retirement age as of the date of retirement, which for most current members of the TPAF is age 60; and the compensation for the employment is less than $10,000 per year. This bill would expand the exception for coaches to include advisors of any school sponsored club or program. The TPAF regulations require a "bona fide" severance from employment before a retiree can return to any employment with the former employer. A "bona fide" severance from employment means a complete termination of the employee's employment relationship with the employer for a period of at least 180 days. These regulations were promulgated to maintain the qualified status of the retirement system under federal law. The purpose of this bill is to create a limited exception to these requirements.
Not specified
Introduced, Referred to Assembly State and Local Government Committee  (on 6/2/2016)
 
 

Date Chamber Action Description
6/2/2016 A Introduced, Referred to Assembly State and Local Government Committee
Date Motion Yea Nay Other
None specified