New Jersey Statutes Title 43. Pensions and Retirement and Unemployment Compensation 43 § 15A-24.2

A public agency or instrumentality that has the power pursuant to P.L.2002, c. 42 to issue bonds from time to time in its discretion for any of its purposes, including the paying or retiring of any bonds previously issued by it, and the power to issue bonds to retire the present value of the unfunded accrued liability due and owing by an agency or instrumentality, as calculated by the system actuary for a date certain upon the request of an agency or instrumentality, for early retirement incentive benefits granted by the agency or instrumentality shall have the power to do the same for benefits granted pursuant to P.L.2003, c. 127.