New Jersey Retirement Laws - New Jersey Retirement Laws

New Jersey Statutes - Title 43 Pensions And Retirement And Unemployment Compensation
New Jersey Statutes 43:1-1 Age as bar to eligibility for pension fund; exceptions
Any person of the age of 40 years or over, who accepts any employment in the State or any county or municipality thereof shall not ...
New Jersey Statutes 43:1-1.1 Deduction of period of military, naval or related service in determining
When the qualifications for eligibility for membership in any existing pension fund or retirement system of this State or of any county, municipality, school district ...
New Jersey Statutes 43:1-2 Suspension of right, or disqualification, during confinement in penal institution
No pension or subsidy shall be paid by this State or by any municipality or school district of this State to any person for the ...
New Jersey Statutes 43:1-3 Receipt of pension, retirement benefits conditioned upon honorable service; forfeiture of pension, service credit due to misconduct; evaluation.
1. a. The receipt of a public pension or retirement benefit is hereby expressly conditioned upon the rendering of honorable service by a ...
New Jersey Statutes 43:1-3.1 Forfeiture of pension, retirement benefit for conviction of certain crimes; definition, certain.
2. a. A person who holds or has held any public office, position, or employment, elective or appointive, under the government of this ...
New Jersey Statutes 43:1-3.2 Subpoena powers of board of trustees of pension fund, retirement system.
3. The board of trustees of any State or locally-administered pension fund or retirement system created under the laws of this State ...
New Jersey Statutes 43:1-3.3 Employer responsibility for reimbursement to pension fund, retirement system, certain.
4. A State, county or local employer participating in a State or locally-administered pension fund or retirement system shall be responsible for ...
New Jersey Statutes 43:1-4 Communication of prosecution commencing, conviction entered
2. A county or municipal prosecutor shall inform the Director of the Division of Criminal Justice in the Department of Law ...
New Jersey Statutes 43:1-5 Notice of removal from office, employment
3. Whenever any State or local public employer takes formal disciplinary action against an officer or employee who is a member ...
New Jersey Statutes 43:2-1 Transfer upon certain changes of office or employment
Any officer or employee who is a member of and entitled to benefits in any retirement system or pension fund operated wholly or partly by ...
New Jersey Statutes 43:2-2 Entry into other system or fund; credits and contributions
When a member of any such retirement system or pension fund of this state changes his office or employment or is transferred in such manner ...
New Jersey Statutes 43:2-3 Expenses to effectuate chapter
The board, body or person administering the second retirement system or pension fund may appropriate and expend any sum of money necessary to effectuate the ...
New Jersey Statutes 43:2-4 School district employees taking employment with municipality or county
Any employee of any school district in this State, who was or is a member of the teachers' pension and annuity fund, and who has ...
New Jersey Statutes 43:2-5 Notice of intention to transfer membership
Said applicant shall notify the administrative head of the teachers' pension and annuity fund, at the time of his application to such retirement system or ...
New Jersey Statutes 43:2-6 Credit
Such applicant shall be entitled as a member of such retirement system or pension fund to such credit by way of pension and annuity as ...
New Jersey Statutes 43:2-7 Law secretary or secretary-stenographer of Superior Court Judge; transfer from county to State retirement system
In the event of a change or transfer of a Superior Court Judge assigned to the Law Division to another county, division of the Superior ...
New Jersey Statutes 43:3A-1 Absence of two months under circumstances indicating accidental death in performance of duties
In case any person holding office, position or employment in the service of the State, and being a member, in good standing, of any pension ...
New Jersey Statutes 43:3A-2 Payment of pension to dependents from date of presumed death
The board of trustees of any such pension or retirement system or fund shall, after the receipt of such certificate, make payment of any pension ...
New Jersey Statutes 43:3A-3 Proof that person was alive when pension was paid to dependents; appropriation
If, thereafter, it shall be proved that the said person was alive at any time when any sums were paid by way of pension to ...
New Jersey Statutes 43:3B-1 Definitions; short title
As used in this act: a. "Retirant" means any person who was employed by the State of New Jersey, any of its instrumentalities, any of ...
New Jersey Statutes 43:3B-2 Adjustment of monthly retirement allowance, pension or survivorship benefit
2. The monthly retirement allowance or pension originally granted to any retirant and the pension or survivorship benefit originally granted to any beneficiary shall be ...
New Jersey Statutes 43:3B-3 Percentage of adjustment; calculation
For retirants and beneficiaries, the percentage of adjustment which shall apply to the retirement allowance, survivorship benefit or pension originally granted to a retirant or ...
New Jersey Statutes 43:3B-4 Certification, appropriation and payment of cost of adjustment by employer; employer's failure to pay; penalty; collection
Except in the case of retirants and beneficiaries of the Teachers' Pension and Annuity Fund, each employer shall bear the cost of the adjustment in ...
New Jersey Statutes 43:3B-4a Pension adjustment benefits paid by retirement system
Notwithstanding the provisions of the "Pension Adjustment Act," P.L. 1969, c. 169 (C. 43:3B-1 et seq.), pension adjustment benefits provided under the act for members ...
New Jersey Statutes 43:3B-4.1 Failure to appropriate money for increases; effect
If, in any year, the State does not appropriate the amount required under section 4 of P.L.1958, c. 143 (C. 43:3B-4), no adjustments in benefits ...
New Jersey Statutes 43:3B-4.2 Benefits under "Pension Adjustment Act"; funding
Notwithstanding the provisions of the "Pension Adjustment Act," P.L.1969, c.169 (C.43:3B-1 et seq.), pension adjustment benefits provided for under the act for members and beneficiaries ...
New Jersey Statutes 43:3B-4.3 Pension adjustment benefits to be paid by PERS
Notwithstanding the provisions of the "Pension Adjustment Act," P.L.1958, c.143 (C.43:3B-1 et seq.), pension adjustment benefits provided under that act for members and beneficiaries of ...
New Jersey Statutes 43:3B-4.4 Payment of benefits by Judicial Retirement System
11. Notwithstanding the provisions of the "Pension Adjustment Act, P.L.1958, c.143 (C.43:3B-1 et seq.), pension adjustment benefits provided under that act for members of the ...
New Jersey Statutes 43:3B-4.5 Payment of benefits by Retirement System
31. Notwithstanding the provisions of the "Pension Adjustment Act," P.L.1958, c.143 (C.43:3B-1 et seq.), pension adjustment benefits provided under that act for members and beneficiaries ...
New Jersey Statutes 43:3B-5 Commencement of adjustment of retirement allowance, pension or survivorship benefit payments; duration
The adjustment in retirement allowances, pensions and survivorship benefits provided for under this act and under section 6 of P.L.1969, c. 169 (C. 43:3B-6) shall ...
New Jersey Statutes 43:3B-6 Waiver of right to increased retirement allowance, survivorship benefit or pension
Any person who is eligible to receive the increased retirement allowance, survivorship benefit or pension under the provisions of this act may, at any time, ...
New Jersey Statutes 43:3B-7 Review of index; determination of percentum of change; retirant defined
a. On or before October 1, 1977 and by the same date in each subsequent year, the Director of the Division of Pensions shall review ...
New Jersey Statutes 43:3B-8 Blanket increase; termination of other increases; review of amounts
If legislation is adopted providing for a blanket increase in original retirement allowances, survivorship benefits or pensions or for minimum allowances, benefits or pensions to ...
New Jersey Statutes 43:3B-8.1 Calculation of annual adjustment
The provisions of section 7 of P.L. 1969, c. 169 (C. 43:3B-8) shall not apply to section 26 of P.L. 1967, c. 250 (C. 43:16A-12.1) ...
New Jersey Statutes 43:3B-8.2 Cost of living adjustment
The provisions of section 7 of P.L. 1969, c. 169 (C. 43:3B-8) shall not apply to R.S. 43:16-3, R.S. 43:16-4 and section 10 of P.L. ...
New Jersey Statutes 43:3B-8.3 Applicability of COLA
2. The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not apply to section 14 of P.L.1965, c.89 (C.53:5A-14), as amended by section 1 ...
New Jersey Statutes 43:3B-8.4 Calculation of annual adjustment
2. The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not apply to section 26 of P.L.1967, c.250 (C.43:16A-12.1) as amended by this amendatory ...
New Jersey Statutes 43:3B-8.5 Nonapplicability of C.43:3B-8 to P.L.1997, c.281
3. The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not apply to section 7 of P.L.1944, c.255 (C.43:16A-7), as amended ...
New Jersey Statutes 43:3B-8.6 Inapplicability of C.43:3B-8 to P.L.2001, c.4
6. The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not apply to R.S.43:16-1 or section 16 of P.L.1964, c.241 (C.43:16A-11.1) ...
New Jersey Statutes 43:3B-9 Rules and regulations
The Director of the Division of Pensions shall promulgate such rules and regulations, not inconsistent with the provisions of this act, as he shall deem ...
New Jersey Statutes 43:3B-10 Increase in expenditures required by act; mandated costs not subject to expenditure limitations
Notwithstanding the provisions of P.L.1976, c. 68 (C. 40A:4-45.1 et seq.) or rules and regulations promulgated pursuant thereto, any increase in expenditure required as a ...
New Jersey Statutes 43:3C-1 Pensioners in public employment
1. Notwithstanding any other law to the contrary, if a former member of any pension fund or retirement system, contributory or noncontributory, established under any ...
New Jersey Statutes 43:3C-2 Repeal
Chapter 3 of Title 43 of the Revised Statutes, and all amendments and supplements thereto, is repealed. L.1968, c. 23, s. 2, eff. April 26, ...
New Jersey Statutes 43:3C-3 Reemployment in elected public office; option for benefits
Notwithstanding any other law to the contrary, if a former member of any pension fund or retirement system, contributory or noncontributory, established under any law ...
New Jersey Statutes 43:3C-4 Depository institution defined
As used in this act, "depository institution" means a banking institution as defined in section 1 of "The Banking Act of 1948," P.L.1948, c. 67 ...
New Jersey Statutes 43:3C-5 Agreement for direct deposit of monthly payment for retirant or beneficiary
Any law, rule or regulation to the contrary notwithstanding, the Division of Pensions shall honor an agreement executed between a retirant or beneficiary of any ...
New Jersey Statutes 43:3C-6 Retirant, defined
As used in this act, "retirant" means any person who was employed by the State of New Jersey, any of its instrumentalities, any of its ...
New Jersey Statutes 43:3C-7 Minimum retirement allowance
A retirant shall receive a minimum retirement allowance of $6,000.00 per year from the Division of Pensions in the Department of the Treasury. L.1984, c. ...
New Jersey Statutes 43:3C-9 Employer pickup of employee contributions.
1. The mandatory contributions by members or participants to the Teachers' Pension and Annuity Fund required by N.J.S.18A:66-31, to alternate benefit providers ...
New Jersey Statutes 43:3C-9.1 Corpus, income of retirement systems, restrictions on use, diversions
1. In accordance with the provisions of section 401 (a) (2) of the federal Internal Revenue Code, and subject to such exceptions as ...
New Jersey Statutes 43:3C-9.2 Limitations on contributions, benefits
2. Notwithstanding any law, rule or regulation to the contrary, the contributions to and benefits payable under the Teachers' Pension and Annuity Fund, ...
New Jersey Statutes 43:3C-9.3 TPAF, JRS, PERS, PFRS, SPRS compensation limitation not to be exceeded
3. Notwithstanding any law, rule or regulation to the contrary, for members of the Teachers' Pension and Annuity Fund, the Judicial Retirement System, ...
New Jersey Statutes 43:3C-9.4 Alternate Benefit Program, compensation limitation not to be exceeded
4. Notwithstanding any law, rule or regulation to the contrary, for members of the Alternate Benefit Program, the amount of compensation which may ...
New Jersey Statutes 43:3C-9.6 Accrued benefits, rights of members.
41. a. Upon the termination of the Teachers' Pension and Annuity Fund, the Public Employees' Retirement System, the Judicial Retirement System, the Police ...
New Jersey Statutes 43:3C-10 Approval of change in retirement or deferred compensation plan by State Treasurer
A State autonomous authority may not establish or change a retirement or deferred compensation plan which provides for the payment of funds of the authority ...
New Jersey Statutes 43:3C-11 Benefits of present, future retirees unaffected
38. No present or future retirees of the Teachers' Pension and Annuity Fund, the Judicial Retirement System, the Public Employees' Retirement System, the Consolidated Police ...
New Jersey Statutes 43:3C-12 Investigation of certain increases in annual compensation for members of retirement systems.
21. a. With respect to all claims for benefits under the Teachers' Pension and Annuity Fund, the Public Employees' Retirement System, the Judicial ...
New Jersey Statutes 43:3C-13 Use of actuarial standards for retirement systems; disclosure, certain.
28. The Teachers' Pension and Annuity Fund, the Judicial Retirement System, the Prison Officers' Pension Fund, the Public Employees' Retirement System, the ...
New Jersey Statutes 43:4-1 Applies to veterans
43:4-1. This chapter shall apply to and include persons serving in and honorably discharged from the military or naval service of the United States, including ...
New Jersey Statutes 43:4-1.1 Veterans eligible for pension under this article
War veterans employed in positions covered by any county or city public employee retirement system, established pursuant to chapter 160 of the laws of 1943, ...
New Jersey Statutes 43:4-1.2 Withdrawal from public employees' retirement system
Any such war veteran who enrolled in the Public Employees' Retirement System of New Jersey shall be permitted to withdraw therefrom upon the filing of ...
New Jersey Statutes 43:4-2 Retirement of veterans; pension to widow
43:4-2. When an honorably discharged soldier, sailor or marine or an honorably discharged member of the American Merchant Marine who served during World War II ...
New Jersey Statutes 43:4-3 Amount of pension; pensions under other laws
A person so retired shall be entitled, for and during his natural life, to receive by way of pension, one-half of the compensation then being ...
New Jersey Statutes 43:4-3.1 Increase of pension
Effective January 1, 1968 the pension payable by any county, municipality or school district to any veteran retired on pension prior to January 1, 1955 ...
New Jersey Statutes 43:4-3.2 Pension increase table
The first $900.00 of the annual pension or the full amount of the pension, if the same is less than $900.00 per year, shall be ...
New Jersey Statutes 43:4-3.3 Appropriations to pay increases
Funds to pay the increases provided in this act shall be provided in the budgets of the county, municipality or school district from whose service ...
New Jersey Statutes 43:4-3.4 Waiver of increase; written request
Any increase in pension, or a portion thereof, authorized by this act, may be waived upon written request of the person entitled thereto. L.1967, c. ...
New Jersey Statutes 43:4-4 Provision for pension; effect of abolition of office
Provisions for all pensions arising under this article shall be made in the appropriation or tax levy for the department of the public service from ...
New Jersey Statutes 43:4-5 Effect of article on beneficiaries under repealed acts
This article shall not affect beneficiaries who were drawing pensions on March nineteenth, one thousand nine hundred and twelve, whether or not the acts under ...
New Jersey Statutes 43:4-6 Certain veterans employed as court reporters
L.1921, c. 200, p. 623 (1924 Suppl. s.s. 50-149 to 50-155), entitled "An act to provide for the retirement and pensioning of any honorably discharged ...
New Jersey Statutes 43:4-7 Waiver of portion of pension
Any person who has retired or shall retire pursuant to any pension act or retirement system established pursuant to law may, upon written request, waive ...
New Jersey Statutes 43:4-8 Payments in reduced amounts after waiver
Upon receipt of such a waiver, and until the same is withdrawn or altered by a subsequent request, the department of the public service paying ...
New Jersey Statutes 43:4A-1 Time off with pay to attend meetings
Any person who is an elected member of any board of trustees or commission established under chapter 13 of Title 18 of the Revised Statutes,