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2018 New Jersey Revised Statutes
Title 43 - PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 15A - Extension to governmental units having no retirement system
Section 43:15A-33 - Interest on fund balances.
Universal Citation: NJ Rev Stat § 43:15A-33 (2018)
Section: 43:15A-33: Interest on fund balances.
33. The board of trustees at the end of each fiscal year shall allow interest on the balance of the annuity savings fund, contingent reserve fund, the retirement reserve fund, benefit enhancement fund and the members' death benefit fund as of the beginning of said fiscal year at the regular interest rate applicable thereto to cover the interest creditable to the respective funds for the year. The amount so allowed shall be due and payable to said funds and shall be credited annually thereto by the board.
L.1954,c.84,s.33; amended 1954, c.244, s.5; 2001, c.133, s.10.
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