New Jersey Statutes
§ 43:15A-27 — Retirement reserve fund
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
The retirement reserve fund shall be the fund from which all retirement allowances shall be paid. Upon the retirement of a member his accumulated deductions together with regular interest shall be transferred to the retirement reserve fund from the annuity savings fund. The reserve needed to produce the balance of the retirement allowance shall be transferred from the contingent reserve fund. If the retirement allowance of a member who has been retired is subsequently canceled, the appropriate reserve shall be transferred to the annuity savings fund and the contingent reserve fund. Any surplus or deficit developing in the retirement reserve fund shall be adjusted from time to time by transfer to or from the contingent reserve fund by appropriate action of the retirement system upon the adv
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New Jersey § 43:15A-27 (Retirement reserve fund) — 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