N.J.S.A. 52:18A-113 — Contributions.

52:18A-113 Contributions. 7. Contributions by a participant shall be made through payroll deductions of integral dollar amounts not in excess of the maximum contribution amount permitted under the federal Internal Revenue Code of 1986, as amended. Participants who are making contributions through payroll deductions may also make lump-sum contributions by direct payments in integral dollar amounts of not less than $50.00, provided, however, that the total contributions for any one year may not exceed the maximum contribution amount permitted by federal law. Contributions by a participant shall cease upon retirement, death, or upon termination of membership in a State administered retirement system. L.1963,c.123,s.7; amended 1965, c.90, s.3; 2005, c.256,s.1.

This is the verbatim text of N.J.S.A. 52:18A-113, 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.