New Jersey § 43:15A-46 Allowance for retirement for accidental disability.

New Jersey Statutes

§ 43:15A-46 — Allowance for retirement for accidental disability.

New Jersey § 43:15A-46

Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:15A-46 (Allowance for retirement for accidental disability.) 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. § 43:15A-46 (2026).

Text

46.A member under 65 years of age upon retirement for accidental disability shall receive a retirement allowance which shall consist of: a. An annuity which shall be the actuarial equivalent of his accumulated deductions together with regular interest; and b. A pension, in the amount which, when added to the member's annuity, will provide a total retirement allowance of 72.7% of his actual annual compensation for which contributions were being made at the time of the occurrence of the accident.

c.Upon receipt of proper proofs of the death of a member who has retired on an accidental disability retirement allowance, there shall be paid to such member's beneficiary, an amount equal to 1 1/2 times the compensation upon which contributions by the member to the annuity savings fund were based

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46. A member under 65 years of age upon retirement for accidental disability shall receive a retirement allowance which shall consist of: a. An annuity which shall be the actuarial equivalent of his accumulated deductions together with regular interest; and b. A pension, in the amount which, when added to the member's annuity, will provide a total retirement allowance of 72.7% of his actual annual compensation for which contributions were being made at the time of the occurrence of the accident. c. Upon receipt of proper proofs of the death of a member who has retired on an accidental disability retirement allowance, there shall be paid to such member's beneficiary, an amount equal to 1 1/2 times the compensation upon which contributions by the member to the annuity savings fund were based in the last year of creditable service; provided, however, that if such death shall occur after the member shall have attained age 60, the amount payable shall equal 3/16 of such compensation. L.1954,c.84,s.46; amended 1955, c.261, s.13; 1966, c.67, s.7; 1971, c.213, s.20; 2001, c.353, s.11.