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New Jersey Statutes, Title: 18A, EDUCATION

    Chapter 66:

      Section: 18A:66-42.1: Increase in retirement allowance under N.J.S.18A:66-42 or N.J.S.18A:66-47.

          
4. The retirement allowance of each retiree under N.J.S.18A:66-42, 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 2/3 to 72.7\% of the actual annual compensation for which contributions were being made at the time of the occurrence of the accident. 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.4.



This section added to the Rutgers Database: 2012-09-26 13:37:48.






Older versions of 18a:66-42.1 (if available):



Court decisions that cite this statute: CLICK HERE.