New Jersey § 43:10-7
Full text of New Jersey New Jersey Statutes § 43:10-7, with citation guidance and answers to common questions.
§ 43:10-7.
a. The actuary of the system shall be designated by the county executive after consultation
with the president of the pension commission and subject to the veto of the commission
for valid reasons. He shall be the technical adviser of the commission on matters regarding the operation
of the funds created by the provisions of this act and shall perform such other duties
as are required in connection therewith. The actuary shall recommend, and the retirement system shall keep in convenient
form, such data as shall be necessary for actuarial valuation of the funds. At least once in every 3-year period, the actuary shall make an actuarial investigation
into the mortality, service, and compensation or salary experience of the members
and survivors as defined in this act and shall make a valuation of the assets and
liabilities of the funds. Upon the basis of such investigation and valuation, with the advice of the actuary,
the commission shall: (1) Adopt for the retirement system such mortality, service and other tables as shall
be deemed necessary; and, (2) Certify the employer's contribution to the system, which shall be raised annually
by the board of chosen freeholders. b. Upon the basis of tables recommended by the actuary as the commission shall adopt
and regular interest, the actuary of the retirement system shall make an annual valuation
of the assets and liabilities of the system. On the basis of such valuation the employer contribution shall be computed so that
paid annually for a period of 30 years, beginning with the year following the year
in which this amendatory act becomes effective, the amount certified by the actuary
of the system shall meet the liabilities of the system.
Frequently Asked Questions About New Jersey § 43:10-7
What does New Jersey Statutes § 43:10-7 cover?
Section 43:10-7 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 43:10-7?
A common citation format is "New Jersey Statutes § 43:10-7" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 43:10-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.