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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 15a: Extension to governmental units having no retirement system
Section: 43:15a-70: Limitation on liability of retirement system
Notwithstanding anything to the contrary, the retirement system shall not be liable for the payment of any pensions or other benefits on account of the employees or pensioners of any employer under this article, for which reserves have not been previously created from funds, contributed by such employer or its employees for such benefits.
L.1954, c. 84, p. 520, s. 70.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 43:15a-70 (if available):
Court decisions that cite this statute:
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