N.J.S.A. 43:6A-35

Retirement system; interest on balance in contingent reserve, annuity savings and retirement reserve funds

43:6A-35. Retirement system; interest on balance in contingent reserve, annuity savings and retirement reserve funds The retirement system at the end of each fiscal year shall allow interest on the balance of the contingent reserve fund, the annuity savings fund, and the retirement reserve fund as of the beginning of said fiscal year at the regular interest rate applicable thereto to cover the interest creditable to the respective funds for the year. The amount so allowed shall be due and payable to said funds and shall be credited annually. L.1973, c. 140, s. 35, eff. May 22, 1973. Amended by L.1981, c. 470, s. 16, eff. Jan. 19, 1982.

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This is the verbatim text of N.J.S.A. 43:6A-35, 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.

N.J.S.A. 43:6A-35 — Retirement system; interest on balance in contingent reserve, annuity savings and retirement reserve funds | Kyzer