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18A:66-127. Any board of education may enter into an agreement with any of its employees whereby the employee agrees to take a reduction in salary with respect to amounts earned after the effective date of such agreement in return for the board's agreement to use a corresponding amount to purchase for the employee an annuity, as defined by N.J.S.17B:17-5, from any company authorized to sell such annuities under the provisions of Title 17B of the New Jersey Statutes, or to invest in a custodial account for the employee through a broker-dealer or agent registered pursuant to the provisions of sections 9 and 10 of the "Uniform Securities Law (1967)," P.L.1967, c.93 (C.49:3-56 and C.49:3-57).
Any such annuity shall be purchased by means of an individual or group annuity contract which may provide for continuance of purchase payments during total disability, and under which the rights of such employee to such contract shall be nonforfeitable. Any such custodial account shall be established in accordance with and maintained to meet the requirements of section 403(b)(7) or section 457(b) of the Federal Internal Revenue Code of 1986, 26 U.S.C. ss.403(b) and 457(b), as amended. All moneys deferred for section 457 plans adopted after the effective date of this act, P.L.2003, c.155 and any other income shall be held in trust, in one or more annuity contracts or in custodial accounts for the exclusive benefit of the participating employees and their beneficiaries. Every such agreement shall specify the amount of such reduction, the effective date thereof, and shall be legally binding and irrevocable with respect to the amounts earned while the agreement is in effect. The total amount of the reductions in an employee's salary pursuant hereto, for any calendar year, shall not exceed the limitations set forth in sections 403(b), 457(b) and 415(c) of the Internal Revenue Code of 1986 as amended for such year. Any such agreement may be terminated upon notice in writing by either party.
Amounts payable pursuant to this section by a board of education on behalf of an employee for a pay period shall be transmitted and credited not later than the fifth business day after the date on which the employee is paid for that pay period.
L.1967, c.271; amended 1977, c.187; 1981, c.550, s.1; 1999, c.247, s.1; 2003, c.155, s.1.
Jun 29, 2023
Active
Essex County
Essex County, NJ
MER L 000825-15 06/11/2015 Pg 1 of3 Trans ID: LCV2017360178 SAL ) STEVENS & LEE 100 Lenox Drive, Suite 200 Lawrenceville, NJ 08648 …
Apr 14, 2015
Closed
Mercer County, NJ
Jun 11, 2015
Paul Innes
ESX-L-003700-22 04/25/2023 11:15:20 AM Pg 1 of 2 Trans ID: LCV20231359521 Daniel T. DiCicco (ID # 069742013) RONAN, TUZZIO & GIANNONE, P.C. One Hovchild Plaza 4000 Route 66, Suite 231 Tinton Falls, New Jersey 07753 (732) 922-3300 Attorneys for Defendants/Third-Party Plaintiffs, ORANGE, NEWARK, ELIZABETH BUS, INC. i/p/a “O.N.E. Bus, Inc.” and COACH USA, INC. i/p/a “Coach USA” File No. 101.14475 MKT CONCETTA BARBATO, SUPERIOR COURT OF NEW JERSEY …
Jun 23, 2022
Active
OCN L 003482-17 01/29/2018 Pg 1 of 7 Trans ID: LCV2018173418 Steven Secare, Esq., Attorney I.D. No.: 279471972 JAN 7 ay i" SECARE & HENSEL 16 Madison Avenue Toms River, New Jersey 08753 (732) 349-2800 Attorneys for Defendants Township of Lakewood and Township Committee of the Township of Lakewood NEW JERSEY SHORE BUILDERS SUPERIOR COURT OF NEW JERSEY ASSOCIATION, A Non-Profit New Jersey LAW DIVISION…
MID-L-005421-23 09/26/2023 3:36:34 PM Pglof7 Trans ID: LCV20232949949 Tan 2. Winograd - 041302016 PRESSLER, FELT & WARSHAW, LLP Debit Acct # 140275 Attorneys At Law Using reference # 231834767 7 Entin Rd. Parsippany, NJ …
HUD-DC-005794-18 07/20/2018 1:47:00 PM Pg 1 of 23 Trans ID: SCP20181616563 Amanda M Sneathen, Esquire (151532015) Keith A. Sparks, Esquire (166722016) Attorney for Stenger & Stenger, P.C. A professional corporation incorporated in the State of Michigan Attorneys for Plaintiff 2618 East Paris Ave SE, Grand Rapids, MI 49546 Court Inquiries: (877) 988-2280 Defendant Inquiries: (888) 305-7775 Our File No. RZ057987 ABSOLUTE RESOLUTIONS …
Hudson County, NJ
Jul 20, 2018
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