New Jersey § 43:16A-15.4 Accrued liability contribution of employer; payment

New Jersey Statutes

§ 43:16A-15.4 — Accrued liability contribution of employer; payment

New Jersey § 43:16A-15.4

Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:16A-15.4 (Accrued liability contribution of employer; payment) 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. § 43:16A-15.4 (2026).

Text

The accrued liability contribution of any employer adopting the retirement system after July 1, 1988 for the purpose of providing prior service credit, shall be payable by the employer to the pension accumulation fund over the period selected by the employer, provided that the period may not exceed 40 years following the initial valuation of such liability by the actuary of the retirement system. L.1971,c.175,s.21; amended 1989,c.204,s.6.

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The accrued liability contribution of any employer adopting the retirement system after July 1, 1988 for the purpose of providing prior service credit, shall be payable by the employer to the pension accumulation fund over the period selected by the employer, provided that the period may not exceed 40 years following the initial valuation of such liability by the actuary of the retirement system. L.1971,c.175,s.21; amended 1989,c.204,s.6.