New Jersey § 43:15a-61
Full text of New Jersey New Jersey Statutes § 43:15a-61, with citation guidance and answers to common questions.
§ 43:15a-61.
The normal contribution for the increased benefits resulting from the increase in
the percentage of compensation for active members under section 61 of P.L.1954, c.
84 ( C.43:15A-61 ) as amended by section 14 of P.L.2001, c. 353 shall be paid from the benefit enhancement fund established pursuant to section 22
of P.L.1954, c. 84 ( C.43:15A-22 ). If there are excess valuation assets after reductions in normal contributions and
member contributions, the amount of excess valuation assets credited to the benefit
enhancement fund shall include the present value of the expected additional normal
contributions attributable to the provisions of section 61 of P.L.1954, c. 84 ( C.43:15A-61 ) as amended by section 14 of P.L.2001, c. 353 payable on behalf of the active members in accordance with the tables of actuarial
assumptions for the valuation period. No additional excess valuation assets shall be credited to the benefit enhancement
fund after the maximum amount is attained. Interest shall be credited to the benefit enhancement fund as provided under section
33 of P.L.1954, c. 84 ( C.43:15A-33 ). If assets in the benefit enhancement fund are insufficient to pay the normal contribution
for the increased benefits for a valuation period, the State shall pay the amount
of normal contribution for the increased benefits not covered by assets from the benefit
enhancement fund.
Frequently Asked Questions About New Jersey § 43:15a-61
What does New Jersey Statutes § 43:15a-61 cover?
Section 43:15a-61 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-61?
A common citation format is "New Jersey Statutes § 43:15a-61" (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-61 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.