New Jersey Statutes

§ 43:10-1 — Definitions; persons under forty-five eligible

New Jersey § 43:10-1
JurisdictionNew Jersey
Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:10-1 (Definitions; persons under forty-five eligible) 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. § 43:10-1 (2026).

Text

"Be retired on half pay" means retired on a pension equal to one-half of the average annual salary during any 3 fiscal years, of the employee's membership, for which contributions were made, which years shall be selected in such manner as to provide for the largest possible benefit to the retirant, or surviving spouse or children, as the case may be; provided, however, that nothing in this amendatory act shall serve to reduce any employee's pension below the amount to which he would have been entitled had he been eligible to apply for his pension prior to the effective date of this amendatory act. "Salary" or "average annual compensation," when used for the purpose of computing benefits under this act, means the average annual salary for which contributions are made during any 3 fiscal yea

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Bluebook (online)
New Jersey § 43:10-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/43/43%3A10-1.