New Jersey § 18a:66-114
Full text of New Jersey New Jersey Statutes § 18a:66-114, with citation guidance and answers to common questions.
§ 18a:66-114.
a. (Deleted by amendment, P.L.2004, c. 173 .) b. Any veteran who took or shall take office, position or employment with a board
of education or a school district after June 26, 1962 and who shall become a member
of the pension fund after such date, and who shall have attained 62 years of age and
who shall present to the board of trustees satisfactory evidence of 20 years of aggregate
service in office, position or employment with this State or with a county, municipality,
or school district or board of education, shall have the privilege of retiring and
of receiving annually from the fund, for and during the remainder of his life, by
way of pension, 54.5% of the compensation upon which the veteran made contributions to the pension fund during the 12-month period of membership providing the largest possible benefit to the veteran , with the optional privileges provided in subsection d. of section 18A:66-110 . c. Any public employee veteran member of the pension fund who has been for 20 years in the aggregate in office, position or employment with this State
or with a county, municipality, or school district or board of education shall have
the privilege of retiring for ordinary disability and of receiving a retirement allowance
equal to 54.5% of the compensation upon which contributions to the pension fund are based during the 12-month period of membership providing the largest possible benefit to
the veteran , with the optional privileges provided in subsection d. of section 18A:66-110 . d. Any public employee veteran member who shall be in office, position or employment
with a board of education or a school district and who shall have attained the age
of 60 years of age and who has at least 25 years of aggregate service credit in such office, position or employment and who
shall present to the board of trustees satisfactory evidence of at least 25 years of aggregate service in such office, position or employment, shall have the
privilege of retiring for service and receiving annually from the fund, for and during
the remainder of his life, by way of pension, 2.42% of the highest year's compensation during employment, upon which compensation he made
contributions to the pension fund, multiplied by the number of years of service with
the optional privileges provided in subsection d. of N.J.S.18A:66-110 .
Frequently Asked Questions About New Jersey § 18a:66-114
What does New Jersey Statutes § 18a:66-114 cover?
Section 18a:66-114 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:66-114?
A common citation format is "New Jersey Statutes § 18a:66-114" (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:66-114 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.