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The primary difference between Tier 1 and Tier 2 pension plans in New Jersey lies in the benefits structure and eligibility criteria. Tier 1 typically offers more favorable provisions for long-serving members under NJ WDS-1, while Tier 2 may have different requirements and benefits that vary. It's crucial to know which tier applies to you, as this will affect your pension calculations. For guidance on navigating these differences, visit uslegalforms for expert information.
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