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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-45.1 - Increase in retirement allowance under C.43:15A-45 and C.43:15A-50.
Universal Citation: NJ Rev Stat § 43:15A-45.1 (2018)
Section: 43:15A-45.1: Increase in retirement allowance under C.43:15A-45 and C.43:15A-50.
10. The retirement allowance of each retiree under section 45 of P.L.1954, c.84 (C.43:15A-45), or the retiree's beneficiary pursuant to section 50 of P.L.1954, c.84 (C.43:15A-50), on the effective date of P.L.2001, c.353 shall be increased by a percentage equivalent to the percentage increase in the fraction of final compensation for each year of credited service for the total retirement allowance under these sections made by this act, P.L.2001, c.353 (C.18A:66-41.1 et al.). The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not be applicable to the increases in retirement allowances provided by this section.
L.2001,c.353,s.10.
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