43:16A-40. First or second class counties over 300,000; admission of park police as members; fiscal statement
The park commission in any county of the first class or county of the second class having a population not in excess of 300,000 created pursuant to the provisions of the Revised Statutes, sections 40:37-96 through 40:37-194, may by an appropriate resolution request the board of trustees of the State Police and Firemen's Retirement System to permit the members of the park police department of any such county to become members of the State fund. The trustees shall thereupon request full information on forms to be supplied by them as to the employees who are to become members of the fund and transmit to such county park commission the following fiscal statement:
(1) Estimated cost to the county park commission as follows:
(a) The annual normal contribution to be made on account of employees then in service.
(b) The percentage of payroll for employees then in service, to meet the contribution under (a).
(c) The estimated lump sum of accrued liability for services rendered and to be rendered prior to the following January 1.
(d) The percentage of present payroll to meet the liability stated in (c).
(e) The estimated annual contribution on account of the accrued liability if paid in 10 installments.
(f) The percentage of present payroll, to meet the accrued liability, as stated in (e).
(g) The estimated annual contribution on account of accrued liability if met in 25 installments.
(h) The percentage of present payroll to meet the accrued liability, as stated in (g).
(2) The annual contribution of the employee stated in percentage of pay for the several age brackets as of the following January 1.
L.1948, c. 441, p. 1731, s. 1. Amended by L.1971, c. 88, s. 1, eff. April 8, 1971.
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Last modified: October 11, 2016