N.J. Admin. Code § 17:1-7.3

Current through Register Vol. 56, No. 11, June 3, 2024

Section 17:1-7.3 - Final compensation

(a) With respect to all claims for benefits, the Division shall investigate increases in compensation reported for credit, which exceed reasonably anticipated annual compensation increases for members of the retirement system based upon consideration of the Consumer Price Index for the time period of the increases, the table of assumed salary increases recommended by the actuary and adopted by the Board, and the annual percentage increases of salaries as indicated in data from the Public Employment Relations Commission, or through other reliable industry sources of information regarding average annual salary increases.

(b) Those cases where a violation of the statute is suspected shall be referred to the respective Board or Commission.

N.J. Admin. Code § 17:1-7.3

Amended by R.2009 d.25, effective 1/5/2009.
See: 40 N.J.R. 4928(a), 41 N.J.R. 277(a).
Deleted "of Pensions and Benefits" following "Division" and inserted a comma following "credit".