New Jersey Statutes
§ 43:15A-33 — Interest on fund balances.
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
33.The board of trustees at the end of each fiscal year shall allow interest on the balance of the annuity savings fund, contingent reserve fund, the retirement reserve fund, benefit enhancement fund and the members' death benefit fund as of the beginning of said fiscal year at the regular interest rate applicable thereto to cover the interest creditable to the respective funds for the year. The amount so allowed shall be due and payable to said funds and shall be credited annually thereto by the board. L.1954,c.84,s.33; amended 1954, c.244, s.5; 2001, c.133, s.10.
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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