New Jersey § 43:8a-19
Full text of New Jersey New Jersey Statutes § 43:8a-19, with citation guidance and answers to common questions.
§ 43:8a-19.
(1) All of the assets of the pension fund shall be credited according to the purpose
for which they are held to one of three funds, namely the annuity savings fund, the
pension accumulation fund, and the retirement reserve fund. (2) The annuity savings fund shall be a fund in which shall be accumulated contributions
from the compensation of members to provide for their annuities and additional death
benefit coverage under section thirteen of this act. 1 The aggregate contributions of a member withdrawn by him or paid to his estate or
his designated beneficiary in event of his death as provided in this act 2 shall be paid from the annuity savings fund. Upon the retirement or death of a member where the aggregate contributions and additional
death benefit coverage under section thirteen of this act of the member are to be
provided in the form of an annuity, the aggregate contributions of the member shall
be transferred from the annuity savings fund to the retirement reserve fund. (3) The pension accumulation fund shall be the fund in which shall be credited contributions
made by employers. Upon the retirement or death of a member the reserve of any pension and death benefit
under any section of this act other than section thirteen payable to or on his account
shall be transferred to the retirement reserve fund. All interest and other income from investments shall be credited to the pension
accumulation fund and annually the board of trustees shall transfer from the pension
accumulation fund to the retirement reserve fund regular interest on the mean amount
in the retirement reserve fund for the year. The board of trustees, in its discretion, may transfer to and from the pension accumulation
fund any surplus or deficit in the retirement reserve fund. (4) The retirement reserve fund shall be the fund in which shall be held the reserves
on all retirement allowances and death benefits granted to members or their beneficiaries
and from which all benefits in lieu thereof shall be paid. Should a member who retired on account of disability be restored to active service
his pension reserve shall be transferred from the retirement reserve fund to the pension
accumulation fund and the excess of his aggregate contributions as they stood at retirement
over the amount of annuity payments made shall be transferred to the annuity savings
fund. 1
N.J.S.A. § 43:8A-13. 2
N.J.S.A. §§ 43:8A-1 to 43:8A-25.
Frequently Asked Questions About New Jersey § 43:8a-19
What does New Jersey Statutes § 43:8a-19 cover?
Section 43:8a-19 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 § 43:8a-19?
A common citation format is "New Jersey Statutes § 43:8a-19" (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 § 43:8a-19 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.