New Jersey § 43:16a-11
Full text of New Jersey New Jersey Statutes § 43:16a-11, with citation guidance and answers to common questions.
§ 43:16a-11.
If an employee who has withdrawn the accumulated member's contributions from the Police and Firemen's Retirement System, as provided by section
11 of P.L.1944, c. 255 ( C.43:16A-11 ) is reenrolled as a member of the retirement system, the member may purchase credit for all of the previous membership service by paying into the annuity savings fund the amount required
by applying the factor, supplied by the actuary as being applicable to the member's age at the time of the purchase, to the member's salary at that time , or the highest annual compensation for service in this State for which contributions
shall have been made during any fiscal year of membership or to the highest annual
compensation for service in this State during any fiscal year for which credit is
purchased, whichever is the highest . The purchase may be made in regular installments, equal to at least 1 / 2 the normal contribution to the retirement system, over a maximum period of 10 years. Any member electing to purchase service credit hereunder who retires prior to completing
the payments as agreed with the retirement system will receive pro rata credit for
service purchased prior to the date of retirement, but if the member so elects at
the time of retirement, the member may make the additional lump-sum payment required
at that time to provide full credit.
Frequently Asked Questions About New Jersey § 43:16a-11
What does New Jersey Statutes § 43:16a-11 cover?
Section 43:16a-11 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 § 43:16a-11?
A common citation format is "New Jersey Statutes § 43:16a-11" (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 § 43:16a-11 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.