N.J.S.A. 43:8B-12

Cost of increase payable by employer

43:8B-12. Cost of increase payable by employer The employer shall bear the cost of the increase in the pensions payable to retirants who retired from the employ of such employer. The employer shall appropriate the amount, in the fiscal year next following, taking into account payments made to retirants of such employer and prospective payments to be made to such retirants in the following year. L.1971, c. 379, s. 4.

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This is the verbatim text of N.J.S.A. 43:8B-12, 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.