New Jersey Statutes
§ 43:8B-12 — Cost of increase payable by employer
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
The employer shall bear the cost of the increase in the pensions payable to retirants who retired from the employ of such employer. The employer shall appropriate the amount, in the fiscal year next following, taking into account payments made to retirants of such employer and prospective payments to be made to such retirants in the following year. L.1971, c. 379, s. 4.
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Nearby Sections
15
§ 43:8B-10
Increase in pensions§ 43:8B-11
Ratio of increase§ 43:8B-12
Cost of increase payable by employer§ 43:8B-14
Effect of blanket increase or provision for minimum pension on benefits provided by this act§ 43:8B-15
Rules and regulations; annual report§ 43:8B-2
Employees entitled to pension§ 43:8B-3
Budget provisions for payment§ 43:8B-4
Eligibility§ 43:8B-4.1
Local employee eligibility§ 43:8B-5
Maximum pensions§ 43:8B-6
Repeals§ 43:8B-8
Citation§ 43:8B-9
Definitions