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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 5a:
Section: 43:5a-3: Amount of pension
The amount of annual pension granted to a State employee retired under this act shall be equal to 1\% of his final compensation multiplied by the number of years of continuous service immediately prior to his retirement, except that if his continuous service with the State exceeds 40 years, his annual pension under this act shall not be less than 1/4 of his final compensation.
L.1973, c. 249, s. 3, eff. Nov. 26, 1973.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 43:5a-3 (if available):
Court decisions that cite this statute:
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