New Jersey § 5:9-22
Full text of New Jersey New Jersey Statutes § 5:9-22, with citation guidance and answers to common questions.
§ 5:9-22.
a. For the purposes of this act, P.L.2017, c. 98 ( C.5:9-22.5 et al.), the Lottery Enterprise shall be valued at $13,535,000,000, as that value
was determined by the independent valuation service provider engaged by the State. b. The lottery contribution and all proceeds of the Lottery Enterprise shall be allocated
among the retirement systems in the allocable percentages as follows: 77.78 percent
for the Teachers' Pension and Annuity Fund, established pursuant to N.J.S.18A:66-1 et seq. ; 21.02 percent for the Public Employees' Retirement System, established pursuant
to P.L.1954, c. 84 ( C.43:15A-7 et seq. ); and 1.20 percent for the Police and Firemen's Retirement System, established pursuant
to P.L.1944, c. 255 ( C.43:16A-2 et seq. ), which have been determined based on (1) the relative percentages of the total actuarial
accrued liabilities of the retirement systems; (2) the relative percentages of the
total actuarial accrued liabilities of the eligible member portions of such retirement
systems; (3) the relative percentages of the total unfunded actuarially accrued liabilities
of the retirement systems; (4) the relative percentages of the total unfunded actuarially
accrued liabilities of the eligible member portions of such retirement systems; (5)
the relative percentages of the total number of members in each retirement system;
and (6) the relative percentages of eligible members participating in each such retirement
system. Each retirement system shall have an initial equitable interest in Common Pension
Fund L, established pursuant to section 6 of this act, 1 equal to its allocable percentage of the entire lottery contribution made on its
behalf. 1
N.J.S.A. § 5:9-22.10.
Frequently Asked Questions About New Jersey § 5:9-22
What does New Jersey Statutes § 5:9-22 cover?
Section 5:9-22 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 § 5:9-22?
A common citation format is "New Jersey Statutes § 5:9-22" (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 § 5:9-22 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.