New Jersey § 43:10-18
Full text of New Jersey New Jersey Statutes § 43:10-18, with citation guidance and answers to common questions.
§ 43:10-18.
The employer shall bear the cost of the adjustment in the pensions payable to retirants
who retired from the employ of such employer and the cost of adjustments in the pensions
payable to beneficiaries of active or retired members who were in the employ of the
employer at the time of the member's death or retirement. The employer shall appropriate the amount in the fiscal year next following, taking
into account payments to be made to such retirants or beneficiaries qualifying for
the first time for this adjustment in the following year. The adjustment in pensions provided for under this supplementary act shall commence
with pension benefit payments for the month of January 1978, except as hereinafter
specified, 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 Adjustment
Act (P.L.1969, c. 169, C. 43:3B-1 et seq. ). In the case of any retirant or beneficiary first becoming eligible to receive an
adjustment under the provisions of this act, such adjustment shall be paid beginning
in the 25th month in which he is entitled to receive his pension benefit. The adjustment in pensions shall continue to be paid so long as there shall be appropriated
the amounts so certified. In the event that the necessary funds are not so appropriated, the increase in pensions
shall cease; no further payments shall be made by the employer; a refund shall be
made by the retirement system to the employer of any balance unexpended on its account.
Frequently Asked Questions About New Jersey § 43:10-18
What does New Jersey Statutes § 43:10-18 cover?
Section 43:10-18 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 § 43:10-18?
A common citation format is "New Jersey Statutes § 43:10-18" (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 § 43:10-18 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.