New Jersey § 18a:66-126
Full text of New Jersey New Jersey Statutes § 18a:66-126, with citation guidance and answers to common questions.
§ 18a:66-126.
The employer shall pay one-half the cost of the increase in the retirement allowances payable to retirants who retired
from the employ of such employer. Certification of the amounts due shall be made by the board of trustees to each
employer. Each employer shall appropriate the amounts so certified in the fiscal year next
following its fiscal year in which such certification is made. Such amounts shall be paid by each employer to the retirement system. In making such certifications to employers in the years after 1970 the board of
trustees shall take into account payments made by the employer, payments to retirants
of such employer and prospective payments to be made to such retirants in the following
year. The increase in retirement allowances provided for under this act shall commence provided,
that there is appropriated the amount certified by the Director of the Division of
Pensions of the State Department of the Treasury to the Director of the State Division
of Budget and Accounting as set forth in the Pension Increase Act (P.L.1969, c. 169). 1 The increase in retirement allowances shall continue to be paid as long as there
shall be appropriated the amounts so certified. In the event that the necessary funds are not so appropriated, the increase in retirement
allowances shall cease; no further payments shall be made by other employers; refunds
shall be made by the retirement system to all employers of any balances unexpended
on their account. 1
N.J.S.A. § 43:3B-1 et seq.
Frequently Asked Questions About New Jersey § 18a:66-126
What does New Jersey Statutes § 18a:66-126 cover?
Section 18a:66-126 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:66-126?
A common citation format is "New Jersey Statutes § 18a:66-126" (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:66-126 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.