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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

    Chapter 6a:

      Section: 43:6a-35: Retirement system; interest on balance in contingent reserve, annuity savings and retirement reserve funds

           The retirement system at the end of each fiscal year shall allow interest on the balance of the contingent reserve fund, the annuity savings fund, and the retirement reserve fund as of the beginning of said fiscal year at the regular interest rate applicable thereto to cover the interest creditable to the respective funds for the year. The amount so allowed shall be due and payable to said funds and shall be credited annually.

L.1973, c. 140, s. 35, eff. May 22, 1973. Amended by L.1981, c. 470, s. 16, eff. Jan. 19, 1982.



This section added to the Rutgers Database: 2012-09-26 13:37:53.






Older versions of 43:6a-35 (if available):



Court decisions that cite this statute: CLICK HERE.