™Your Policy Risk Impact Agent
35 chapters · 1,405 sections in this title.
N.J.S.A. 43:5A-1 Definitions
1.1K chars
43:5A-1. Definitions For the purposes of this act: a. "final compensation" means either (1) the average annual compensation of an employee during the last 60 months preceding the month in which the employee is retired, or (2) the average annual compensation of the employee for an…
N.J.S.A. 43:5A-2 Persons eligible for retirement and pension
0.9K chars
43:5A-2. Persons eligible for retirement and pension Any person may be retired and granted a pension under this act who a. has been continuously employed by the State for at least 30 years; and b. has reached the age of 65, or is permanently and totally disabled; and c. is not el…
N.J.S.A. 43:5A-2.1 State employee eligibility
0.6K chars
43:5A-2.1. State employee eligibility Notwithstanding the provisions of section 7 of P.L. 1954, c. 84 (C. 43:15A-7), as amended by P.L. 1985, c. 121, or any other law to the contrary, any employee who has been employed by the State continuously for at least 30 years, has become a…
N.J.S.A. 43:5A-3 Amount of pension
0.4K chars
43:5A-3. Amount of pension The amount of annual pension granted to a State employee retired under this act shall be equal to 1% of his final compensation multiplied by the number of years of continuous service immediately prior to his retirement, except that if his continuous ser…
