New Jersey § 18A:66-128 Reduction of salary for obtaining certain benefits.

New Jersey Statutes

§ 18A:66-128 — Reduction of salary for obtaining certain benefits.

New Jersey § 18A:66-128

Title 18AEDUCATION

This text of New Jersey § 18A:66-128 (Reduction of salary for obtaining certain benefits.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 18A:66-128 (2026).

Text

18A:66-128. Any reduction in salary agreed to by any employee pursuant to the provisions of this article shall be deemed to be a reduction in salary for the purpose of obtaining the benefits afforded under section 403(b) or section 457, 26 U.S.C. ss.403(b) and 457, of the Federal Internal Revenue Code and shall not be deemed to be a reduction in salary in any other matter, the determination of which is based upon the amount of the employee's includable compensation as set forth in sections 403(b) and 457(b) of the federal Internal Revenue Code. L.1967, c.271; amended 2003, c.155, s.2.

Free access — add to your briefcase to read the full text and ask questions with AI

18A:66-128. Any reduction in salary agreed to by any employee pursuant to the provisions of this article shall be deemed to be a reduction in salary for the purpose of obtaining the benefits afforded under section 403(b) or section 457, 26 U.S.C. ss.403(b) and 457, of the Federal Internal Revenue Code and shall not be deemed to be a reduction in salary in any other matter, the determination of which is based upon the amount of the employee's includable compensation as set forth in sections 403(b) and 457(b) of the federal Internal Revenue Code. L.1967, c.271; amended 2003, c.155, s.2.