New Jersey Statutes
§ 43:13-22.37 — New members; retirement for age and service
New Jersey § 43:13-22.37
JurisdictionNew Jersey
Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
This text of New Jersey § 43:13-22.37 (New members; retirement for age and service) 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. § 43:13-22.37 (2026).
Text
Any person who, after the enactment of this act, becomes a permanent employee of the city and becomes a member of this retirement system and shall have served in the employ of the city in the aggregate for a period of at least 25 years, and who shall have attained the age of 70 years, shall be retired on a pension equal to one-half of the salary he is receiving at the time of his retirement, and for each year of service beyond 30 years and up to 40 years, the retiring employee shall for each additional year of service receive an additional pension of 2 1/2 % of the salary received by him at the time of his retirement; provided, however, that no pension shall exceed three-quarters of the annual salary received by the said employee, nor shall any pension exceed the sum of $12,000.00 per annu
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 43:13-1.2
Credit for prior service; payment of arrears§ 43:13-1.3
Employees deemed permanent§ 43:13-12
Refusal of membership in fund§ 43:13-16
Deposit and investment of fund; income§ 43:13-18
Annual report§ 43:13-19
When payments begin§ 43:13-20
Unlawful action a bar to pensionCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 43:13-22.37, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/43/43%3A13-22.37.