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2018 New Jersey Revised Statutes
Title 43 - PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 15B - Deferred compensation plan, length of service award program.
Section 43:15B-7 - Exclusion of deferred and deducted amount from computation of federal withholding taxes
Universal Citation: NJ Rev Stat § 43:15B-7 (2018)
Section: 43:15B-7: Exclusion of deferred and deducted amount from computation of federal withholding taxes
Any amount of the employee's salary that is deferred and deducted under this act and the plan shall continue to be included as regular compensation for all purposes, including pension benefits earned by any such employee, but any salary deferred and deducted shall not be included in the computation of any Federal taxes withheld from the employee's salary on behalf of such employee.
L.1977, c. 381, s. 7, eff. Feb. 8, 1978.
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