New Jersey § 18a:66-113
Full text of New Jersey New Jersey Statutes § 18a:66-113, with citation guidance and answers to common questions.
§ 18a:66-113.
A member of the pension fund who has 10 years of service credit in the pension fund
and who separates voluntarily or involuntarily before attaining the age of 60 years,
and not by removal for cause on charges of misconduct or delinquency, may elect to
receive a deferred retirement allowance beginning at the age of 60 years, equal to one-forty-fifth of the average annual compensation received by him during any three years of creditable
service providing the largest possible benefit multiplied by the number of years of
credited service, with optional privileges as provided for in subsection d. of section 18A:66-110 . Such member shall advise the board of trustees of his election of such a deferred
retirement allowance in writing, and shall complete such forms as shall be specified
by the board of trustees in its administration of this section. Subsequent to making such an election, but prior to attaining age 60, a member may
later elect to withdraw all payments which he has made to the pension fund together
with simple interest at the rate of 4% per annum figured on such employee contributions. Upon such withdrawal of contributions, no further benefits shall be payable on behalf
of said employee by the pension fund. If such a member should die before attaining the age of 60 years, all payments which
he has made, together with simple interest at the rate of 4% per annum figured on
such employee's contributions to the fund from the date of membership, shall be paid
to such person, if living, as he shall have nominated by written designation duly
executed and filed with the board of trustees, otherwise to the executor or administrator
of the member's estate. Any member who, having elected to receive a deferred retirement allowance, again becomes
an employee covered by the retirement system while under the age of 60 shall thereupon
be reenrolled. He shall be credited with all service as a member standing to his credit at the
time of his election to receive a deferred retirement allowance.
Frequently Asked Questions About New Jersey § 18a:66-113
What does New Jersey Statutes § 18a:66-113 cover?
Section 18a:66-113 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 § 18a:66-113?
A common citation format is "New Jersey Statutes § 18a:66-113" (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 § 18a:66-113 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.