New Jersey Statutes
§ 53:5A-35 — Annuity savings fund
New Jersey·Title 53 STATE POLICE
The Annuity Savings Fund shall be the fund in which shall be credited aggregate contributions by members or on their behalf to provide for their allowances. The aggregate contributions of a member withdrawn by him or paid to his estate or his designated beneficiary in the event of his death as provided in this act shall be paid from the Annuity Savings Fund. Upon the retirement of a member where the aggregate contributions of the member are to be provided in the form of an annuity, the aggregate contributions of the member shall be transferred from the Annuity Savings Fund to the Retirement Reserve Fund. L.1965, c. 89, s. 35, eff. July 1, 1965. Amended by L.1971, c. 181, s. 24, eff. June 1, 1971.
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Nearby Sections
15
§ 53:5A-1
Repeals§ 53:5A-10
1 Permanent and total disability.§ 53:5A-12
Death benefits.§ 53:5A-14.1
Pension benefits under former section 53:5-5 discontinued by remarriage of mother; right to receive benefits§ 53:5A-15.3
Eligibility of beneficiary of retirant to death benefit; minimum amount of monthly allowance or benefit