New Jersey Statutes

§ 43:15A-6 — Definitions.

New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
6.As used in this act: a. "Accumulated deductions" means the sum of all the amounts, deducted from the compensation of a member or contributed by or on behalf of the member, standing to the credit of the member's individual account in the annuity savings fund.
b."Annuity" means payments for life derived from the accumulated deductions of a member as provided in this act.
c."Annuity reserve" means the present value of all payments to be made on account of any annuity or benefit in lieu of an annuity, granted under the provisions of this act, computed on the basis of such mortality tables recommended by the actuary as the board of trustees adopts, with regular interest.
d."Beneficiary" means any person receiving a retirement allowance or other benefit as provided in this act.
e."Child"

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

New Jersey § 43:15A-6 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗