N.J.S.A. 43:5A-3

Amount of pension

43:5A-3. Amount of pension The amount of annual pension granted to a State employee retired under this act shall be equal to 1% of his final compensation multiplied by the number of years of continuous service immediately prior to his retirement, except that if his continuous service with the State exceeds 40 years, his annual pension under this act shall not be less than 1/4 of his final compensation. L.1973, c. 249, s. 3, eff. Nov. 26, 1973.

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This is the verbatim text of N.J.S.A. 43:5A-3, 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.