New Jersey § 18a:66-22
Full text of New Jersey New Jersey Statutes § 18a:66-22, with citation guidance and answers to common questions.
§ 18a:66-22.
The pension fund of the retirement system is the fund in which shall be accumulated
the reserves for the payment of pensions to present-entrant members other than veterans,
and from it shall be paid all retirement allowances of such present-entrant members
and of all beneficiaries of the Teachers' Pension and Annuity Fund who, as of January
1, 1956, were receiving pensions from the pension fund. All reserves for the payment of annuities to persons receiving pensions from the
pension fund, as of January 1, 1956 are hereby transferred from the former annuity
reserve fund to the pension fund. Upon the retirement of a present-entrant member, the accumulated deductions of the
member shall be transferred from the annuity savings fund to the pension fund. The retirement system shall annually transfer from the contingent reserve fund to
the pension fund the annual State and employer contributions on account of present-entrant
members as computed in accordance with section 18A:66-18 . Any surplus or deficit developing in the pension fund shall be adjusted from time
to time by transfer to or from the contingent reserve fund by the appropriate action
of the retirement system upon the advice of the actuary.
Frequently Asked Questions About New Jersey § 18a:66-22
What does New Jersey Statutes § 18a:66-22 cover?
Section 18a:66-22 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:66-22?
A common citation format is "New Jersey Statutes § 18a:66-22" (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:66-22 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.