N.J.S.A. 18A:66-126.2 — Increase in pension

18A:66-126.2. Increase in pension The monthly retirement allowance originally granted to any retirant shall be increased in accordance with the provisions of this act. Pension increases shall not be paid to retirants who are not receiving their regular, full, monthly retirement allowances. The increase granted under the provisions of this act shall be effective only on the first day of a month, shall be paid in monthly installments, and shall not be decreased, increased, revoked or repealed except as otherwise provided in this act. No increase shall be due to a retirant or his beneficiary unless it constitutes a payment for an entire month. L.1971, c. 278, s. 2.

This is the verbatim text of N.J.S.A. 18A:66-126.2, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.