35 chapters · 1,405 sections in this title.
N.J.S.A. 43:8B-1 Definitions
2.1K chars
43:8B-1. Definitions As used in this act: (a) "Employee" means any person holding office, position, or employment in any county, municipality, or school district in the State. (b) "Employer" means any county, municipality, or school district in the State. (c) "Final average salar…
N.J.S.A. 43:8B-10 Increase in pensions
0.6K chars
43:8B-10. Increase in pensions The monthly pension originally granted to any retirant shall be increased in accordance with the provisions of this act. Pension increases shall not be paid to retirants who are not receiving their regular, full, monthly pensions. The increase grant…
N.J.S.A. 43:8B-11 Ratio of increase
0.7K chars
43:8B-11. Ratio of increase The "ratio of increase" which shall apply to the pension originally granted to a retirant shall be calculated in accordance with the following percentages as determined by the calendar year in which the retirement became effective. Year of Ratio of Ret…
N.J.S.A. 43:8B-12 Cost of increase payable by employer
0.4K chars
43:8B-12. Cost of increase payable by employer The employer shall bear the cost of the increase in the pensions payable to retirants who retired from the employ of such employer. The employer shall appropriate the amount, in the fiscal year next following, taking into account pay…