New Jersey § 52:18a-116
Full text of New Jersey New Jersey Statutes § 52:18a-116, with citation guidance and answers to common questions.
§ 52:18a-116.
The Variable Division shall consist of the following accounts: a. The Variable Accumulation Account shall be the account to which the contributions
of participants in the Variable Division are credited. An individual account shall be maintained in the Variable Accumulation Account for
each participant in the Variable Division. b. The Variable Benefit Account shall be the account from which variable benefits
are paid. Upon retirement of a participant in the Variable Division, his account in the Variable
Accumulation Account shall be transferred to the Variable Benefit Account. c. The Variable Reserve Account shall be the account to which all investment earnings
or losses of the Variable Division shall be credited or charged. Such investment earnings or losses shall be determined at least quarter-annually
in accordance with accepted accounting practices and shall reflect appreciation and
depreciation in the market value of investments. Mortality adjustments of the Variable Benefit Account, determined in accordance
with rules and regulations adopted by the council with the advice of the actuary,
shall be charged or credited to this Variable Reserve Account. The balance in this account shall then be distributed to the Variable Benefit Account
and to the individual accounts in the Variable Accumulation Account in accordance
with rules and regulations of the council.
Frequently Asked Questions About New Jersey § 52:18a-116
What does New Jersey Statutes § 52:18a-116 cover?
Section 52:18a-116 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 § 52:18a-116?
A common citation format is "New Jersey Statutes § 52:18a-116" (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 § 52:18a-116 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.