N.J.S.A. 52:18A-109 — Supplementary annuity program; establishment; contributions

52:18A-109. Supplementary annuity program; establishment; contributions Each State administered retirement system shall establish, as a part thereof, a supplementary annuity program under which it will receive voluntary contributions from its members, which shall be in addition to any contributions required of them by that retirement system, for the purpose of providing annuities to supplement their retirement allowances. Each such State administered retirement system shall, upon receipt of such contributions, place the same in the Supplemental Annuity Collective Trust, hereinafter described. L.1963, c. 123, s. 3.

This is the verbatim text of N.J.S.A. 52:18A-109, 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.