New Jersey § 18A:66-126.3 Ratio of increase

New Jersey Statutes

§ 18A:66-126.3 — Ratio of increase

New Jersey § 18A:66-126.3

Title 18AEDUCATION

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Bluebook

N.J. Stat. Ann. § 18A:66-126.3 (2026).

Text

The "ratio of increase" which shall apply to the retirement allowance 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; provided that, in no instance shall the amount of the retirement allowance paid to any retirant under this supplementary act including payments under future revisions be less than the retirement allowance paid under section 6 of chapter 364, public laws of 1968. Year of Ratio of Year of Ratio of Retirement Increase Retirement Increase 1940 132% 1948 35% 1941 120% 1949 36% 1942 99% 1950 35% 1943 88% 1951 25% 1944 85% 1952 22% 1945 80% 1953 21% 1946 66% 1954 21% 1947 45% L.1971, c. 278, s. 3.

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The "ratio of increase" which shall apply to the retirement allowance 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; provided that, in no instance shall the amount of the retirement allowance paid to any retirant under this supplementary act including payments under future revisions be less than the retirement allowance paid under section 6 of chapter 364, public laws of 1968. Year of Ratio of Year of Ratio of Retirement Increase Retirement Increase 1940 132% 1948 35% 1941 120% 1949 36% 1942 99% 1950 35% 1943 88% 1951 25% 1944 85% 1952 22% 1945 80% 1953 21% 1946 66% 1954 21% 1947 45% L.1971, c. 278, s. 3.