Termination of membership or participation.

N.J. Stat. § 18A:66-175
in effect
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9. Membership or participation in the alternate benefit program shall terminate and the individual shall be considered retired once he has elected to receive a distribution of the value of his accounts in a direct payout, a rollover, an annuity, or a combination thereof. Any such distribution shall occur only upon separation from service, unless the individual is a participant in a transition to retirement program that meets the requirements for such programs established by the Division of Pensions and Benefits. L.1969, c.242, s.9; amended 1993, c.385, s.7; 2013, c.120, s.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026
N.J. Stat. § 18A:66-175 — Termination of membership or participation | New Jersey Statutes (Aug. 2026 snapshot) | Corpus