New Jersey § 43:10-18

§ 43:10-18.

If legislation is adopted providing for a blanket increase in original pensions or

minimum pensions to any group of retirants or beneficiaries eligible for benefits

under this supplementary act, other than legislation enacted prior to 1978, all increases

provided under this supplementary act shall be terminated on the first of the month

when such blanket increases or minimum pensions are payable, except in those instances

where the retirant's or beneficiary's original pension plus the increases provided

under this supplementary act will exceed the amounts payable to such retirant or beneficiary

as a result of such other legislation; in such event the amount payable under this

supplementary act shall thereafter be the difference between the new pension payable

by the pension fund and the amount which would otherwise have been paid under this

act. Any subsequent annual review of amounts payable under this supplementary act for

such retirants and beneficiaries shall continue to be determined on the basis of the

original pension as granted by the retirement system prior to any blanket increase

or provision for minimum pension for any group of retirants or beneficiaries eligible

for benefits under this supplementary act.