2018 New Jersey Revised Statutes
Title 43 - PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 8B
Section 43:8B-12 - Cost of increase payable by employer

Universal Citation: NJ Rev Stat § 43:8B-12 (2018)

Section: 43:8B-12: Cost of increase payable by employer

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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