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New Jersey Statutes Title 43. Pensions and Retirement and Unemployment Compensation 43 § 8B-11

Current as of January 01, 2024 | Updated by Findlaw Staff

The “ratio of increase” which shall apply to the pension originally granted to a retirant shall be calculated in accordance with the following percentages as determined by the calendar year in which the retirement became effective.

Year of
Retirement

Ratio of
Increase

Year of
Retirement

Ratio of
Increase

1915

219%

1935

137%

1916

198%

1936

134%

1917

153%

1937

126%

1918

116%

1938

130%

1919

88%

1939

134%

1920

62%

1940

132%

1921

82%

1941

120%

1922

94%

1942

99%

1923

90%

1943

88%

1924

90%

1944

85%

1925

85%

1945

80%

1926

84%

1946

66%

1927

87%

1947

45%

1928

89%

1948

35%

1929

89%

1949

36%

1930

94%

1950

35%

1931

113%

1951

25%

1932

138%

1952

22%

1933

151%

1953

21%

1934

143%

1954

21%
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Cite this article: FindLaw.com - New Jersey Statutes Title 43. Pensions and Retirement and Unemployment Compensation 43 § 8B-11 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-43-pensions-and-retirement-and-unemployment-compensation/nj-st-sect-43-8b-11/

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