New Jersey Statutes
§ 43:10-103 — Tax levy to meet requirements when fund deficient; contributions when fund exceeds adequate amount
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
In case, at any time there shall not be sufficient money in such pension fund to pay such pensions, the board of chosen freeholders of the county shall, from time to time, include in any tax levy, a sum sufficient to meet the requirements of such pension fund. Whenever such pension fund shall exceed an amount which the board of chosen freeholders of such county shall by resolution from time to time determine to be adequate for such pension fund, no moneys except the three per centum (3%) specified in this act, and the moneys given or donated as herein mentioned and any aforementioned rewards shall be paid into such fund, unless and until the amount of such fund shall fall below the amount thus determined to be adequate. L.1938, c. 330, p. 843, s. 11.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 43:10-103 (Tax levy to meet requirements when fund deficient; contributions when fund exceeds adequate amount) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 43:10-10
Pension commission.§ 43:10-101
Time and manner of payment of pensions§ 43:10-102
Pension fund§ 43:10-103
Tax levy to meet requirements when fund deficient; contributions when fund exceeds adequate amount§ 43:10-104
Management and control of fund; investment§ 43:10-105
Exemption from taxation and process