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New Jersey Statutes, Title: 18A, EDUCATION
Chapter 66:
Section: 18A:66-71.2: Increase in retirement allowance under subsection a. of N.J.S.18A:66-71 and N.J.S.18A:66-47.
7. The retirement allowance of each retiree under subsection a. of N.J.S.18A:66-71, or the retiree's beneficiary pursuant to N.J.S.18A:66-47, on the effective date of P.L.2001, c.353, shall be increased from 50\% to 54.5\% of the compensation for which contributions were made during the 12-month period of membership providing the largest possible benefit to the member or the member's beneficiary. 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.7.
This section added to the Rutgers Database: 2012-09-26 13:37:48.
Older versions of 18a:66-71.2 (if available):
Court decisions that cite this statute:
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