N.J.S.A. 43:4-3.2 — Pension increase table

43:4-3.2. Pension increase table The first $900.00 of the annual pension or the full amount of the pension, if the same is less than $900.00 per year, shall be increased in accordance with a ratio of increase formula calculated in accordance with the percentage applicable for the calendar year of retirement, as follows: Year of Ratio of Year of Ratio of Retirement Increase Retirement Increase 1920 88% 1937 109% 1921 72% 1938 106% 1922 64% 1939 104% 1923 61% 1940 103% 1924 61% 1941 101% 1925 66% 1942 96% 1926 66% 1943 87% 1927 65% 1944 79% 1928 65% 1945 70% 1929 65% 1946 61% 1930 66% 1947 51% 1931 71% 1948 41% 1932 79% 1949 33% 1933 89% 1950 26% 1934 99% 1951 19% 1935 107% 1952 15% 1936 111% 1953 12% 1954 10% L.1967, c. 294, s. 2, eff. Feb. 15, 1968.

This is the verbatim text of N.J.S.A. 43:4-3.2, 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.