New Jersey § 43:13-22
Full text of New Jersey New Jersey Statutes § 43:13-22, with citation guidance and answers to common questions.
§ 43:13-22.
On or before October 1, 1996 and by the same date in each subsequent year, the Director
of the Division of Pensions and Benefits of the Department of the Treasury shall review
the index and determine the percentum of change in the index from the retirement year
index pursuant to the provisions of the “Pension Adjustment Act,” P.L.1958, c. 143
( C.43:3B-1 et seq. ). The percentage of adjustment in the retirement allowances, pensions and survivorship
benefits shall be one-half of the percentum of change in the index. Any adjustment so calculated shall apply to all of the months of the following calendar
year for eligible retirants and beneficiaries, except that 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. On the basis of information certified to the director by the retirement system concerning
the amounts of all retirement allowances, pensions and survivorship benefits of eligible
retirants and beneficiaries which are subject to adjustment under sections 7 through
13 of P.L.1990, c. 20 ( C.43:13-22.69 through 22.75), and any other relevant matters as the director may require, the director
shall certify to the retirement system the amounts required to fund the benefits provided
under those sections for the applicable year. The director shall include in that certification amounts sufficient to adjust the
retirement allowances, pensions or survivorship benefits payable to all eligible retirants
and beneficiaries by the percentum of change in the index as such retirement allowances
or pensions may have been originally granted, or increased for certain retirants and
beneficiaries in accordance with the provisions of the “Pension Adjustment Act.” In no instance shall the amount of the retirement allowance, pension or survivorship
benefit originally granted and payable to any retirant or beneficiary be reduced as
a result of this adjustment.
Frequently Asked Questions About New Jersey § 43:13-22
What does New Jersey Statutes § 43:13-22 cover?
Section 43:13-22 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 § 43:13-22?
A common citation format is "New Jersey Statutes § 43:13-22" (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 § 43:13-22 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.