New Jersey Statutes
§ 43:15A-16 — 1 Increase in PERS retirement allowance.
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
16.The retirement allowance of each retiree under section 38, subsection b. of section 41, section 48, and subsection d. of section 61 of P.L.1954, c.84 (C.43:15A-38, C.43:15A-41b., C.43:15A-48, and C.43:15A-61d.), or the retiree's beneficiary pursuant to section 50 of P.L.1954, c.84 (C.43:15A-50), on the effective date of this act, P.L.2001, c.133, shall be increased by a percentage equivalent to the percentage increase in the fraction of final compensation for each year of credited service for the total retirement allowance under these sections made by this act, P.L.2001, c.133. The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not be applicable to the increases in retirement allowances provided by this section. L.2001,c.133,s.16.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 43:15A-16 (1 Increase in PERS retirement allowance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 43:15A-100.1
Supplementary "special" retirement allowance to certain retired law enforcement officers§ 43:15A-101
Retirement allowance for certain members not qualifying for retirement as law enforcement officers§ 43:15A-102
Ordinary disability retirement; eligibility§ 43:15A-103
Payment upon death of member who had retired on accidental disability retirement allowance§ 43:15A-104
Contribution rate.§ 43:15A-105
Contributions by veterans; withdrawal§ 43:15A-107
Effective date§ 43:15A-108
Persons considered active members while disabled or on leave of absence; contributions; death benefits§ 43:15A-11
Contributions covering temporary service