New Jersey § 43:15a-81
Full text of New Jersey New Jersey Statutes § 43:15a-81, with citation guidance and answers to common questions.
§ 43:15a-81.
The Public Employees' Retirement System shall certify to each employer the rates of
contributions payable by members who are county, municipal or school district employees. The system shall further certify , no later than December 31 each year, the contributions, including the accrued liability contribution similar to the State
accrued liability contribution, payable by the county, municipality or school district
to the contingent reserve fund on behalf of these members, and a pro rata share of
the cost of the administration of the retirement system, based upon the payroll of
the members who are employees of the county, municipality or school district. The initial actuarial expense incident to the determination of the accrued liability
contribution, payable by the county, municipality or school district, shall be paid
by the county, municipality or school district. The amount certified by the system as payable by the county, municipality or school
district to the contingent reserve fund shall be included in the next budget subsequent
to the certification by the system and levied and collected as any other taxes are
levied and collected. The treasurer or corresponding officer of any county, municipality or school district
shall pay to the State Treasurer no later than April 1 of the State's fiscal year in which payment is due the amount of the county, municipal or school district charges so certified. If payment of the full amount of such obligation is not made within 30 days after April 1, interest at the rate of 10% per annum shall commence to run against the unpaid balance thereof on the first day
after such thirtieth day. The treasurer or corresponding officer shall also pay to the State Treasurer the
amount of deductions from the compensation of the members who are employees of the
county, municipality or school district. The State Treasurer shall credit these amounts to the appropriate fund or account.
Frequently Asked Questions About New Jersey § 43:15a-81
What does New Jersey Statutes § 43:15a-81 cover?
Section 43:15a-81 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-81?
A common citation format is "New Jersey Statutes § 43:15a-81" (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-81 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.