Title 43, Title 43: PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

43:7-13. Creation of pension fund 7. For the purpose of paying the pensions, a fund shall be created as follows: (a) There shall be deducted from every payment of salary to a prison officer benefited by this act, 6% of the amount thereof; (b) That the State shall pay into said fu…

43:7-14. Death within five years after passage of act If any such prison officer shall die within five years from the passage of this act and his widow, minor children or dependent parents, as the case may be, shall not be entitled to the pension hereunder, and if such prison off…

43:7-15. Suspension or discharge If any such prison officer shall be suspended, resigned, dropped or discharged from his employment after having paid the aforesaid assessments for a period over one year, and whose suspension or discharge shall continue for a period longer than tw…

43:7-15.1. Prison officers' pension fund; withdrawal by veterans Any employee of the State, who is a veteran of any war and who has joined the prison officers' pension fund, may, at any time within one year of the effective date of this act, apply to withdraw from the fund during…

43:7-15.2. Withdrawal by veterans hereafter joining fund Any such employee, who is such veteran and who shall hereafter join said fund and who shall have been a member of said fund for at least one year, may also apply for such withdrawal during the continuance of his employment;…

43:7-15.3. Withdrawal application; notice; refund of payments Upon his making application, of which ten days' notice shall be given, he shall receive, upon demand, the amount of his payments, without prejudice to his right as a veteran to any benefit or pension to which he may be…

43:7-16. Other pensions No person who shall receive any pension under any other law of this State shall be entitled to receive the benefits of this act. L.1941, c. 220, p. 634, s. 10.

43:7-17. Refusal to accept provisions of act; notice If any prison officer of this State shall decline to accept the provisions of this act, he shall, within thirty days after the passage of this act, notify the pension commission in writing of the fact that he does not desire to…

43:7-18.1 Responsibility for operation of pension fund. 4. The Division of Pensions and Benefits in the Department of the Treasury shall have the general responsibility for the proper operation of the pension fund and shall have such powers and shall exercise such functions and d…

43:7-19 Control, management of fund. 13. The Division of Pensions and Benefits in the Department of the Treasury shall have control and management of said fund subject to the provisions of P.L.1950, c.270 (C.52:18A-79 et seq.), and of the retirement of said prison officers, and t…

43:7-19.1. Medical board The State Treasurer shall designate a medical board after consultation with the Director of the Division of Pensions, subject to veto by the commission for valid reason. It shall be composed of three physicians who are not eligible to participate in the p…

43:7-20. Deposit and investment of fund Said pension commission shall deposit such fund in any of the banks or trust companies of the State, and shall invest the same in bonds secured by first mortgages on improved property worth at least twice the amount loaned, or in bonds of t…

43:7-21 Execution of releases, acquittances, receipts, discharges. 15. The Division of Pensions and Benefits in the Department of the Treasury shall, on behalf of the said pension fund, execute any and all releases, acquittances, receipts, or discharges of any and all written evi…

43:7-22 Annual report. 16. The Division of Pensions and Benefits in the Department of the Treasury shall make an annual report of the conditions of such fund and the manner in which same is invested. L.1941, c.220, s.16; amended 2013, c.253, s.28.

43:7-23. Unlawful acts, incapacitation or death while performing If any pension officer shall become incapacitated from or shall lose his life in the performance or commission of any unlawful act which would warrant his dismissal from the employ of the State, no pension shall be …

43:7-24. Effect of act This article shall not be construed to effect in any manner any pension fund organized on or created under any law prior on July fourth, one thousand nine hundred and forty-one, or any pension association or corporation organized or existing under a law exi…

43:7-25. Members of State Employees' Retirement System; right to accumulated deductions with interest Any employee of the State, eligible for membership in the prison officers pension fund, who, at the time of joining said prison officers pension fund, was or shall be a member of…

43:7-26. Effective date This act shall take effect July fourth, one thousand nine hundred and forty-one. L.1941, c. 220, p. 636, s. 20.

43:7-27. Benefit payments based on temporary service; continuation Any prison officer or his beneficiary presently receiving benefits under the act to which this act is a supplement shall continue to receive such benefits notwithstanding the fact that the length of service upon w…

43:7-7. Retirement of certain prison officers; amount a. Hereafter, any such prison officer, as hereinafter set forth, who shall have served in the employ of the State of New Jersey continuously, or in the aggregate, for a period of 20 years, and who shall have attained the age o…

43:7-7.1. Special retirement after 25 years of creditable service Should a prison officer member resign after having established 25 years of creditable service, he may elect "special retirement," provided, that such election is communicated by such member to the retirement system…

43:7-8. Definitions For the purpose of this act, the words "prison officer" mean and include any prison officer, reformatory officer, farmer guard, disciplinarian, identification prison officer, center keeper, marshal, superintendent, chief deputy, head farmer, herdsman, truck fa…

43:7-9 Widow, children or dependent parents; pension to. 3. a. Upon the receipt of proper proofs of the death of a member who shall have lost his life, there shall be paid to his widow or widower a pension of 25% of the member's average final compensation, for the use of herself …