New Jersey Revised Statutes § 43:16-1.2 - Effective Date And Payment Of Pension

43:16-1.2.Effective date and payment of pension
5.A pension granted under the provisions of the act, to which this act is amendatory and supplementary, shall be effective only on the first day of a month, shall be paid in equal monthly installments, and shall not be decreased, increased, revoked or repealed, except as otherwise provided by the statutory law. No pension shall be due to a retirant or beneficiary unless it constitutes a payment for an entire month; provided, however, that a pension shall be payable for the entire month in which the retirant or beneficiary dies.

L.1971,c.179,s.5; amended 1995,c.214.


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Last modified: October 11, 2016