a. Should a law enforcement officer member retire after having established 25 years
of creditable service, the member shall receive, in addition to the service retirement
allowance provided in section 4 of P.L.1955, c. 257 (C.43:15A-100), a supplementary “special” retirement allowance equal to 5% of the member's final
compensation or such lesser amount as will, if added to the member's service retirement
allowance, provide a total retirement allowance of 70% of the member's final compensation.
b. The supplementary “special” retirement allowance provided under subsection a. of
this section shall be payable to any former member of the retirement system who, prior
to the effective date of this act, P.L.2001, c. 4, retired as a law enforcement officer member of the retirement system after having
established 25 years of creditable service. The provisions of this subsection shall not be construed either to require a reduction
in the retirement allowance payable to any retirant or to provide for the payment
of any adjustment in such an allowance with respect to any period of time prior to
the first day of the month following that effective date.
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