N.J.S.A. 18A:66-31 — System to certify contributions

18A:66-31. System to certify contributions The retirement system shall certify to each employer the proportion of each member's compensation to be deducted, and to facilitate the making of deductions the retirement system may modify the deduction required by a member of such amount as shall not exceed 1/10 of 1% of the compensation upon the basis of which the deduction is to be made. There shall be credited in the annuity savings fund to the individual account of each member any amounts so deducted or contributed by him. L.1967, c.271; amended by L.1971, c. 121, s. 15, eff. April 29, 1971.

This is the verbatim text of N.J.S.A. 18A:66-31, 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.