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.
On or before the 30th day following the effective date of this act and on or before
October 1, 1978 and by the same date in each subsequent year, the Director of the
Division of Pensions of the State Department of Treasury shall review the index and
determine the percentum of change in the index from the benefit year index pursuant
to the provisions of the Pension Adjustment Act (P.L.1969, c. 169, C. 43:3B-1 et seq. ). The percentage of adjustment in the pensions shall be 3 / 5 of the percentum change. Any adjustment so calculated shall apply to all of the months of the following calendar
year for eligible retirants and beneficiaries, except for those qualifying for the
first time, it shall apply only to those months of the following calendar year in
which the retirant or beneficiary is eligible to receive the adjustment. The director shall certify the amounts sufficient to adjust the pensions payable to
all eligible retirants and beneficiaries by 3 / 5 of the percentum of change in the index as such pensions may have been originally
granted or increased for certain retirants in accordance with section 10 of P.L.1966,
c. 210 ( C. 43:10-18.58b ) 1 or increased for certain beneficiaries in accordance with section 13 of P.L.1948,
c. 310 ( C. 43:10-18.62 ). The director shall notify the secretary of the pension fund of the percentage of
adjustment in the applicable year. In no instance shall the amount of the pension originally granted and payable to any
retirant be reduced as a result of this adjustment. 1
See now N.J.S.A. § 43:10-18.76.
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.