New Jersey § 43:15a-138
Full text of New Jersey New Jersey Statutes § 43:15a-138, with citation guidance and answers to common questions.
§ 43:15a-138.
A member, who shall have attained the age of 60 years, upon retirement on the basis
of legislative service, shall receive a retirement allowance consisting of: a. an annuity which shall be the actuarial equivalent of his accumulated deductions
together with regular interest; and b. a pension in the amount which, when added to the member's annuity, will provide
a total retirement allowance of 3% of final compensation as a legislator, for each
year of creditable service as a member of the Legislature. In no event shall the allowance payable under this section exceed two-thirds of
final compensation. c. The death benefit provided in P.L.1954, c. 84, § 48(c) (C. 43:15A-48c) shall apply
in the case of any member retiring under the provisions of this section. d. No member shall be eligible to retire pursuant to this section until he has terminated
all public service covered by the retirement system.
Frequently Asked Questions About New Jersey § 43:15a-138
What does New Jersey Statutes § 43:15a-138 cover?
Section 43:15a-138 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-138?
A common citation format is "New Jersey Statutes § 43:15a-138" (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-138 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.