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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 16: Retirement for age and service
Section: 43:16-1.2: Effective date and payment of pension
5. A pension granted under the provisions of the act, to which this act is amendatory and supplementary, shall be effective only on the first day of a month, shall be paid in equal monthly installments, and shall not be decreased, increased, revoked or repealed, except as otherwise provided by the statutory law. No pension shall be due to a retirant or beneficiary unless it constitutes a payment for an entire month; provided, however, that a pension shall be payable for the entire month in which the retirant or beneficiary dies.
L.1971,c.179,s.5; amended 1995,c.214.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 43:16-1.2 (if available):
Court decisions that cite this statute:
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