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RECENT LEGISLATION
2013
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Chapter 120, P.L. 2013 This law amends a provision of the Alternate Benefit Program (ABP) to allow a distribution of retirement benefits prior to separation from service for any individual who is a participant in a transition to retirement program which meets the requirements established by the Division of Pensions and Benefits in the Department of the Treasury.  The law clarifies that the division may authorize a transition to retirement program by regulation.
Chapter 87, P.L. 2013 This law allows a member of the New Jersey State Police Retirement System (SPRS) to purchase credit in the retirement system for military service in the Armed Forces of the United States prior to becoming a member.  A member may purchase credit for all or a portion of such service, up to 10 years, plus an additional 5 years if the member qualifies as a veteran with certain wartime military service.  The SPRS credit purchased for prior military service will be equivalent to service in the State Police as a member of SPRS in qualifying for retirement benefits.

Chapter 50, P.L. 2013

This law requires, in certain circumstances, health insurers (health, hospital and medical service corporations, commercial individual and group health insurers; health maintenance organizations, health benefits plans issued pursuant to the New Jersey Individual Health Coverage and Small Employer Health Benefits Programs, the State Health Benefits Program, and the School Employees’ Health Benefits Program) that provide coverage for prescription eye drops, to provide health benefits coverage for expenses incurred for a refill of prescription eye drops in accordance with Guidance for Early Refill Edits on Topical Ophthalmic Products provided to Medicare Part D plan sponsors by the Centers for Medicare and Medicaid Services. 

Links to the New Jersey Legislature and other legislature information.


Chapter 120, P.L. 2013

Date Approved: August 9, 2013

Effective Date:  August 9, 2013, retroactive to July 1, 2008.

Description:

This law amends a provision of the Alternate Benefit Program (ABP) to allow a distribution of retirement benefits prior to separation from service for any individual who is a participant in a transition to retirement program which meets the requirements established by the Division of Pensions and Benefits in the Department of the Treasury.  The law clarifies that the division may authorize a transition to retirement program by regulation.

Transition to retirement programs allow public colleges and universities to retain retiring experienced senior faculty members on a limited basis.  These programs permit a faculty member to receive a distribution from his or her retirement account in the ABP while continuing to work at a reduced level of assignment for a period of time.  The law is retroactive to July 1, 2008, to provide for its applicability to current transition to retirement programs at public colleges and universities.

To view the new law, click here: Chapter 120, P.L. 2013 Adobe PDF (22K)

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Chapter 87, P.L. 2013

Date Approved: August 7, 2013

Effective Date:  August 7, 2013.

Description:

This law allows a member of the New Jersey State Police Retirement System (SPRS) to purchase credit in the retirement system for military service in the Armed Forces of the United States prior to becoming a member.  A member may purchase credit for all or a portion of such service, up to 10 years, plus an additional 5 years if the member qualifies as a veteran with certain wartime military service.  The SPRS credit purchased for prior military service will be equivalent to service in the State Police as a member of SPRS in qualifying for retirement benefits.

To view the new law, click here: Chapter 87, P.L. 2013 Adobe PDF (43K)

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Chapter 50, P.L. 2013

Date Approved: May 6, 2013

Effective Date:  This law takes effect on the 90th day after enactment (August 4, 2013).

Description:

This law requires, in certain circumstances, health insurers (health, hospital and medical service corporations, commercial individual and group health insurers; health maintenance organizations, health benefits plans issued pursuant to the New Jersey Individual Health Coverage and Small Employer Health Benefits Programs, the State Health Benefits Program, and the School Employees’ Health Benefits Program) that provide coverage for prescription eye drops, to provide health benefits coverage for expenses incurred for a refill of prescription eye drops in accordance with Guidance for Early Refill Edits on Topical Ophthalmic Products provided to Medicare Part D plan sponsors by the Centers for Medicare and Medicaid Services.

The requirement to provide this coverage is conditioned on two factors: (1) the prescribing health care practitioner indicates on the original prescription that additional quantities of the prescription eye drops are needed; and (2) the refill requested does not exceed the number of additional quantities indicated on the original prescription by the prescribing health care practitioner.

The Centers for Medicaid and Medicare Services issued guidance on topical ophthalmics to prevent the unintended interruption of drug therapy in situations in which patients legitimately need earlier refills of prescription eye drops. While the guidance acknowledges that health insurers monitor appropriate refill periods as part of utilization management, the guidance also recognizes that the self-administration of prescription eye drops may involve some reasonable amount of waste and that earlier refills may be appropriate in some circumstances.

To view the new law, click here: Chapter 50, P.L. 2013 Adobe PDF (30K)

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Links to the New Jersey Legislature and other legislature information.


 
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