New Jersey § 18a:66-71

§ 18a:66-71.

a. Any public employee veteran member in office, position or employment of this State

or of a county, municipality, or school district, board of education or other employer

who (1) has or shall have attained the age of 60 years and has or shall have been

for 20 years continuously or in the aggregate in office, position or employment of

this State or of a county, municipality or school district, board of education or

other employer, or (2) has or shall have attained the age of 55 years and has or shall

have been for 25 years continuously or in the aggregate in that office, position or

employment, shall have the privilege of retiring for service and of receiving, instead

of the retirement allowance provided under N.J.S.18A:66-44 , a retirement allowance of 54.5% of the compensation for which contributions are

made during the 12-month period of membership providing the largest possible benefit

to the member or the member's beneficiary. b. (Deleted by amendment, P.L.1984, c. 69.) c. Any public employee veteran member who has been for 20 years in the aggregate in

office, position or employment of this State or of a county, municipality or school

district, board of education or other employer as of January 1, 1955, shall have the

privilege of retiring for ordinary disability and of receiving, instead of the retirement

allowance provided under N.J.S.18A:66-41 , a retirement allowance of one-half of the compensation received during the last

year of employment upon which contributions to the annuity savings fund or contingent

reserve fund are made. Such retirement shall be subject to the provisions governing ordinary disability

retirement in N.J.S.18A:66-39 and N.J.S.18A:66-40 . d. Any public employee veteran member who shall be in office, position or employment

of this State or of a county, municipality, school district, board of education or

other employer and who shall have attained 55 years of age and who has at least 35

years of aggregate service credit in such office, position or employment, shall have

the privilege of retiring for service and receiving a retirement allowance of 1 / 55 of the compensation the member received during the 12-month period of membership providing the largest possible benefit to the member

or the member's beneficiary for each year of creditable service. e. The death benefit provided in N.J.S.18A:66-44 shall apply in the case of any member retiring under the provisions of subsections

a. and d. of this section and in the case of any member who has previously retired

under the provisions of subsection b. of this section before said subsection was amended

by P.L.1984, c. 69. The death benefit provided in N.J.S.18A:66-41 shall apply in the case of any member retired under the provisions of subsection

c. of this section. f. A member who purchases service credit pursuant to any provision of the “Teachers‘

Pension and Annuity Fund Law” ( N.J.S.18A:66-1 et seq. ) is entitled to apply the credit for the purpose of satisfying any of the service

requirements of that act.