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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 13: Filling vacancies in trustees of certain trust funds; resignation of trustees
Section: 43:13-22.54c: Liability for payment of increase by employer
The employer shall bear the cost of the increase in the pensions payable to retirants pursuant to this act. The employer shall appropriate the amount necessary to fund this act in the current fiscal year and in each following fiscal year.
The pension commission shall certify to the employer the number of retirants eligible to receive increases pursuant to this act and the amount necessary to make the payments.
L.1984, c. 117, s. 2, eff. Aug. 8, 1984.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 43:13-22.54c (if available):
Court decisions that cite this statute:
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