New Jersey § 43:13-37
Full text of New Jersey New Jersey Statutes § 43:13-37, with citation guidance and answers to common questions.
§ 43:13-37.
A fund shall be created in the following manner for the purpose of paying the benefits
provided by this act, 1 to wit: There shall be deducted by disbursing officers of town funds and paid to said pension
fund commission from every payment of salary or compensation to every town employee
who shall be entitled to benefits under this act, three per centum (3%) of the amount
thereof; provided, however, that in the case of a person hereafter entering the service of any such town after
reaching the age of forty years, the said percentage of his salary to be deducted
shall in the judgment of the pension fund commission be fixed and determined at not
less than three per centum (3%), and such employee, upon notice from said commission
of the decision of the commission, shall have the privilege to participate in the
benefits of this act or decline to come within its provisions. In addition thereto, there shall be annually raised by the town council of such
town in the town budget and contributed semiannually to such pension fund commission
an amount equivalent to three per centum (3%) of such “town employees” salary or compensation. Additional sums shall be appropriated and paid to said pension fund commission by
said town council as occasion demands to carry out the provision of this act. Where town funds are not available or adequate, or should there be no such town
funds, such additional sums shall be raised by temporary loans or notes, certificates
of indebtedness or temporary loan bonds to be issued as otherwise provided and limited
by law for towns of this State, and the amounts necessary to pay such obligations
shall be placed in the town budget for the next ensuing fiscal year. All pensions granted under this act shall be exempt from any State or municipal
tax, levy and sale, garnishment or attachment, or any other civil process, and shall
be unassignable. No refund of moneys deducted from the salary or compensation of any such employee
shall be made. 1
N.J.S.A. §§ 43:13-37.1 to 43:13-37.18.
Frequently Asked Questions About New Jersey § 43:13-37
What does New Jersey Statutes § 43:13-37 cover?
Section 43:13-37 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 § 43:13-37?
A common citation format is "New Jersey Statutes § 43:13-37" (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 § 43:13-37 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.