N.J. Stat. § 18A:66-126.3
Current through L. 2024, c. 80.
The "ratio of increase" which shall apply to the retirement allowance 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; provided that, in no instance shall the amount of the retirement allowance paid to any retirant under this supplementary act including payments under future revisions be less than the retirement allowance paid under section 6 of chapter 364, public laws of 1968.
Year of Retirement | Ratio of Increase | Year of Retirement | Ratio of Increase |
1940 | 132% | 1948 | 35% |
1941 | 120% | 1949 | 36% |
1942 | 99% | 1950 | 35% |
1943 | 88% | 1951 | 25% |
1944 | 85% | 1952 | 22% |
1945 | 80% | 1953 | 21% |
1946 | 66% | 1954 | 21% |
1947 | 45% |
N.J.S. § 18A:66-126.3