N.J. Stat. § 43:10-18.15i
Current through L. 2023, c. 320.
The "ratio of increase" which shall apply to the pension 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 pension paid to any retirant under this supplementary act including payments under future revisions be less than the pension paid under chapter 190, public laws of 1960.
Year of Retirement | Ratio of Increase |
1940 | 132% |
1941 | 120% |
1942 | 99% |
1943 | 88% |
1944 | 85% |
1945 | 80% |
1946 | 66% |
1947 | 45% |
1948 | 35% |
1949 | 36% |
1950 | 35% |
1951 | 25% |
1952 | 22% |
1953 | 21% |
N.J.S. § 43:10-18.15i