N.J.S.A. 52:18A-172 — Deferred and deducted amounts; inclusion as regular compensation; exclusion in computation of federal withholding taxes

52:18A-172. Deferred and deducted amounts; inclusion as regular compensation; exclusion in computation of federal withholding taxes Any amount of the employee's salary that is deferred and deducted under this act and the plan shall continue to be included as regular compensation for all purposes, including pension benefits earned by any such employee, but any salary deferred and deducted shall not be included in the computation of any Federal taxes withheld from the employee's salary on behalf of such employee. L.1978, c. 39, s. 10, eff. June 19, 1978.

This is the verbatim text of N.J.S.A. 52:18A-172, 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.