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New Jersey Statutes - Title 43 Pensions and Retirement and Unemployment Compensation - 43:13-37.11 Maximum pensions; maximum deductions
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New Jersey Laws > Pensions and Retirement and Unemployment Compensation > New Jersey Statutes - Title 43 Pensions and Retirement and Unemployment Compensation - 43:13-37.11 Maximum pensions; maximum deductions
43:13-37.11. Maximum pensions; maximum deductions
The pension of any town employee under the provisions of this act shall not exceed the sum of three thousand dollars ($3,000.00) per annum and in no event shall there be paid to the widow of any town employee or dependents, under the provisions of this act, an amount in excess of three thousand dollars ($3,000.00) per annum. Deduction from the salary or compensation of any such officer or employees entitled to benefits under the provisions of this act shall not exceed any amount paid as such salary or compensation over and above the amount of six thousand dollars ($6,000.00). Any salary or compensation received by, or paid to, any such officer or employee as aforesaid, in excess of the amount of six thousand dollars ($6,000.00) shall not be available as the basis of accruing or additional benefits to any such officer or employee, under the provisions of this act.
L.1943, c. 189, p. 528, s. 11.
Sections: 13-37.4 13-37.5 13-37.6 13-37.7 13-37.8 13-37.9 13-37.10 13-37.11 13-37.12 13-37.13 13-37.14 13-37.15 13-37.16 13-37.17 13-37.18
Last modified: February 14, 2012
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