New Jersey Statutes Title 43. Pensions and Retirement and Unemployment Compensation 43 § 8C-2

a. cash payments or the purchase of annuities;

b. employer contributions to an approved employee deferred compensation program to the extent permitted by federal law;

c. payment by the local unit for continuation of health benefits coverage after retirement for not more than five years or until the employee attains the age of eligibility for Medicare, whichever occurs first;

d. payment by the local unit for health benefits coverage after retirement under the “New Jersey State Health Benefits Program Act,” P.L.1961, c. 49 (C.52:14-17.25 et seq.), or under group insurance contracts pursuant to N.J.S.40A:10-23, for employees and dependents in accordance with the law and rules governing the State Health Benefits Program or the law governing such group insurance contracts, as the case may be, for employees who fail to meet the service requirement for payment for such coverage after retirement by no more than five years, but who are otherwise eligible for employer payment for health benefits coverage after retirement; or

e. additional service credit for employees who are members of the Public Employees' Retirement System of New Jersey, pursuant to P.L.1954, c. 84 (C.43:15A-1 et seq.) or the Police and Firemen's Retirement System of New Jersey, pursuant to P.L.1944, c. 255 (C.43:16A-1 et seq.), or a county pension fund created under P.L.1943, c. 160 (C.43:10-18.1 et seq.), or a municipal retirement system created under P.L.1954, c. 218 (C.43:13-22.3 et seq.) or P.L.1964, c. 275 (C.43:13-22.50 et seq.), as provided in section 4 of P.L.1999, c. 59 (C.43:8C-4).