New Jersey § 43:15a-136
Full text of New Jersey New Jersey Statutes § 43:15a-136, with citation guidance and answers to common questions.
§ 43:15a-136.
Notwithstanding the provisions of section 25 of P.L.1954, c. 84 ( C.43:15A-25 ), (a) a separate account shall be established in the annuity savings fund for each
member of the Legislature and all contributions based on legislative salaries shall
be credited to this account as distinguished from any other account that the legislator
may have as a result of other public service covered by the retirement system; and
(b) the member of the Legislature shall contribute at a rate equal to 5% of his legislative
salary, which contribution shall be deducted from his salary at the time or times
it is paid, and which shall be exclusive of any other contribution required of the
member for Social Security, contributory death benefits or deductions for any other
purpose. The contribution rate shall be 5.5% of the member's legislative salary beginning
July 1, 2007. The contribution rate shall be 6.5% of the member's legislative salary on and after
the effective date of P.L.2011, c. 78, with an additional contribution of 1% to be phased-in in equal increments over a
period of seven years commencing with the first year following that effective date. A member of the Legislature who is enrolled on the basis of other public service before,
during, or after his service as a member of the Legislature shall contribute for such
other service at the rate of contribution required of other members as provided by
section 25.
Frequently Asked Questions About New Jersey § 43:15a-136
What does New Jersey Statutes § 43:15a-136 cover?
Section 43:15a-136 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 § 43:15a-136?
A common citation format is "New Jersey Statutes § 43:15a-136" (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 § 43:15a-136 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.