New Jersey § 43:4-3.2 Pension increase table

New Jersey Statutes

§ 43:4-3.2 — Pension increase table

New Jersey § 43:4-3.2

Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:4-3.2 (Pension increase table) 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. § 43:4-3.2 (2026).

Text

The first $900.00 of the annual pension or the full amount of the pension, if the same is less than $900.00 per year, shall be increased in accordance with a ratio of increase formula calculated in accordance with the percentage applicable for the calendar year of retirement, as follows: Year of Ratio of Year of Ratio of Retirement Increase Retirement Increase 1920 88% 1937 109% 1921 72% 1938 106% 1922 64% 1939 104% 1923 61% 1940 103% 1924 61% 1941 101% 1925 66% 1942 96% 1926 66% 1943 87% 1927 65% 1944 79% 1928 65% 1945 70% 1929 65% 1946 61% 1930 66% 1947 51% 1931 71% 1948 41% 1932 79% 1949 33% 1933 89% 1950 26% 1934 99% 1951 19% 1935 107% 1952 15% 1936 111% 1953 12% 1954 10% L.1967, c. 294, s. 2, eff. Feb. 15, 1968.

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The first $900.00 of the annual pension or the full amount of the pension, if the same is less than $900.00 per year, shall be increased in accordance with a ratio of increase formula calculated in accordance with the percentage applicable for the calendar year of retirement, as follows: Year of Ratio of Year of Ratio of Retirement Increase Retirement Increase 1920 88% 1937 109% 1921 72% 1938 106% 1922 64% 1939 104% 1923 61% 1940 103% 1924 61% 1941 101% 1925 66% 1942 96% 1926 66% 1943 87% 1927 65% 1944 79% 1928 65% 1945 70% 1929 65% 1946 61% 1930 66% 1947 51% 1931 71% 1948 41% 1932 79% 1949 33% 1933 89% 1950 26% 1934 99% 1951 19% 1935 107% 1952 15% 1936 111% 1953 12% 1954 10% L.1967, c. 294, s. 2, eff. Feb. 15, 1968.