4031927v2 - NJT - TERP Plan document restatement 2007

Benefits payable to a Member who is a member of the Public Employees’ Defined Contribution Plan (Annuity Savings Account only) are reduced by the pension portion of the retirement benefit, if any, that would be payable to the Member from PERF if the Member had not made an election to become a member of the Public Employees’ Defined ... ................
................