New Jersey § 43:5A-3 Amount of pension

New Jersey Statutes

§ 43:5A-3 — Amount of pension

New Jersey § 43:5A-3

Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:5A-3 (Amount of pension) 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. § 43:5A-3 (2026).

Text

The amount of annual pension granted to a State employee retired under this act shall be equal to 1% of his final compensation multiplied by the number of years of continuous service immediately prior to his retirement, except that if his continuous service with the State exceeds 40 years, his annual pension under this act shall not be less than 1/4 of his final compensation. L.1973, c. 249, s. 3, eff. Nov. 26, 1973.

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The amount of annual pension granted to a State employee retired under this act shall be equal to 1% of his final compensation multiplied by the number of years of continuous service immediately prior to his retirement, except that if his continuous service with the State exceeds 40 years, his annual pension under this act shall not be less than 1/4 of his final compensation. L.1973, c. 249, s. 3, eff. Nov. 26, 1973.

Nearby Sections

5

§ 43:5A-1

Definitions

§ 43:5A-2

Persons eligible for retirement and pension

§ 43:5A-2.1

State employee eligibility

§ 43:5A-3

Amount of pension

§ 43:5A-4

Application for retirement; acceptance; certification; annual examination of disability retirees for continuation of eligibility; forced retirement at 70; payment of pensions

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Bluebook (online)

New Jersey § 43:5A-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/43/43%3A5A-3.