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2019 New Jersey Revised Statutes
Title 43 - Pensions and Retirement and Unemployment Compensation
Section 43:16A-15.4 - Accrued liability contribution of employer; payment
Universal Citation: NJ Rev Stat § 43:16A-15.4 (2019)
43:16A-15.4. Accrued liability contribution of employer; payment
The accrued liability contribution of any employer adopting the retirement system after July 1, 1988 for the purpose of providing prior service credit, shall be payable by the employer to the pension accumulation fund over the period selected by the employer, provided that the period may not exceed 40 years following the initial valuation of such liability by the actuary of the retirement system.
L.1971,c.175,s.21; amended 1989,c.204,s.6.
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