New Jersey § 43:19-9

§ 43:19-9.

Pensions shall be paid from the fund as follows: a. In any city of the first class in which this chapter becomes operative, all members

of the pension corporation formed from the employees of the board of street and water

commissioners, or its successor, who shall have served in the employ of the city in

the aggregate for twenty years, and attained the age of sixty years, shall, upon application

to the board of street and water commissioners, or its successor, in the city, be

retired by the board, or its successor, and shall thereafter receive from the pension

fund created under this chapter an amount equal to one-half of his salary at the time

of his retirement. b. If any employee of the board of street and water commissioners, or its successor,

who is a member of the pension corporation, shall become incapacitated either mentally

or physically, for the performance of his duties, whenever such incapacity is the

result of injury received or illness incurred in the discharge of his duties as an

employee of the board of street and water commissioners, or its successor, he may

be retired by the board, or its successor, and thereupon shall receive from the pension

fund, during the term of his incapacity or injury, an amount at the rate of one-half

of his annual salary at the time of his retirement. c. Any employee of the board of street and water commissioners, or its successor,

who is a member of the pension corporation, shall have served the city twenty years

in the aggregate and shall become incapacitated, either mentally or physically, from

illness or injury incurred in the performance of his duty as such employee, or who

by reason of advanced age is found unfit by the board of street and water commissioners,

or its successor, for the performance of his duties, shall be retired by the board,

or its successor, and shall be entitled to receive from the pension fund an amount

equal to one-half of his annual salary at the time of his retirement. In case of the retirement of any member of the pension corporation, who became a

member thereof prior to March eighteenth, one thousand nine hundred and twenty-one,

the city shall pay into the pension fund such portion of the pension of one-half the

annual salary of the pensioner at the time of his retirement, which shall be in excess

of the amount of pension provided for the pensioner in this chapter. d. No pension shall be paid out of the fund created under this chapter until five

years after the creation of the pension corporation provided for hereunder, and all

pensions herein provided for shall be paid in the manner which may be determined by

the board of trustees of the pension fund. e. Any employee of the board of street and water commissioners, or its successor,

who is a member of the pension corporation who shall hereafter become incapacitated,

either mentally or physically, for duty, may be retired by such board, or its successor,

for the term of such incapacity; provided, he or she shall have at the time of such incapacity been a member of such corporation

for at least five years and had paid in during such time the full amount of his or

her annual assessments or contributions, on a pension equal to twenty-five per centum

of one-half of his or her annual salary received by said member at the time of his

or her retirement, and for every year of active membership in addition to five years,

such member shall receive an additional pension equal to five per centum of one-half

of the annual salary received by said member at the time of his or her retirement; provided, however, that in no case the annual pension so paid shall exceed one-half of the annual salary

received by any member at the time of his or her retirement; and provided, further, that if such incapacity occurs during the first twenty years of active membership

in the said pension corporation, the pension payable as aforesaid shall not exceed

the sum of two thousand dollars ($2,000.00) annually.