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Current as of January 01, 2024 | Updated by Findlaw Staff
The board of education of any school district may by resolution provide for the retirement on pension of a secretary of the board of education who has served in such office for 30 or more years on a part-time basis and 10 or more years on a full-time basis, who is not less than 65 years of age and who, by reason of age at the time of his appointment as a full-time secretary of the board, was ineligible for membership in a contributory pension system.
Any pension authorized pursuant to this act may not exceed 50% of the employee's annual final average salary, inclusive of any benefits to which the employee may be entitled under the General Non-Contributory Pension Act, 1 or any other pension payable from his employer and exclusive of any benefits to which the employee might be entitled under Federal Old Age and Survivor's Insurance.
Cite this article: FindLaw.com - New Jersey Statutes Title 18A. Education 18A § 17-12.1 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-18a-education/nj-st-sect-18a-17-12-1/
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