New Jersey § 43:10-2
Full text of New Jersey New Jersey Statutes § 43:10-2, with citation guidance and answers to common questions.
§ 43:10-2.
a. A county liable to pay the pension benefits to members of the pension fund pursuant
to the provisions of article 1 of chapter 10 of Title 43 of the Revised Statutes may
elect to provide these prospective retirees, pursuant to subsection b. of this section,
with a retirement benefit equal to 1% per annum after 25 years of service upon their
retirement by the adoption, and submission to the pension commission, of an appropriate
resolution by its board of chosen freeholders. b. Should a member of the pension fund retire after having attained 60 years of age
and established 25 years of creditable service, the member shall receive, in lieu
of the payment provided in R.S. 43:10-2 , a retirement allowance which shall consist of: (1) An annuity which shall be the actuarial equivalent of the member's aggregate contributions,
and (2) A pension in the amount which, when added to the member's annuity, will provide
a total retirement allowance of 50% of final compensation, plus 1% of final compensation
multiplied by the number of years of creditable service over 25.
Frequently Asked Questions About New Jersey § 43:10-2
What does New Jersey Statutes § 43:10-2 cover?
Section 43:10-2 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 § 43:10-2?
A common citation format is "New Jersey Statutes § 43:10-2" (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 § 43:10-2 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.