New Jersey § 43:13-34
Full text of New Jersey New Jersey Statutes § 43:13-34, with citation guidance and answers to common questions.
§ 43:13-34.
For the purpose of paying the pensions a fund shall be created as follows: a. There shall be deducted from every payment of salary to any employee of the water
department in the municipality who shall have entered the service on or before the
age of thirty-five years, two per cent of the amount thereof, and if he shall have
entered the service after reaching thirty-five years of age, the percentage shall
be increased to such an amount as the pension commission determines to correspond
to the risk arising by his additional age. b. The municipality shall raise by taxation and pay into the fund yearly, an amount
equal to four per cent of the total salaries paid to the employees of the water department. c. All moneys given or donated to the fund and moneys deducted from the salary of
any employee of the department because of absence or loss of time shall be added to
the fund. If there is not sufficient money in this fund, the governing body shall include in
any tax levy a sum sufficient to meet the requirements of the fund for the time being.
Frequently Asked Questions About New Jersey § 43:13-34
What does New Jersey Statutes § 43:13-34 cover?
Section 43:13-34 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 § 43:13-34?
A common citation format is "New Jersey Statutes § 43:13-34" (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 § 43:13-34 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.