N.J. Stat. § 43:4-3.2
Current through L. 2023, c. 320.
The first $900.00 of the annual pension or the full amount of the pension, if the same is less than $900.00 per year, shall be increased in accordance with a ratio of increase formula calculated in accordance with the percentage applicable for the calendar year of retirement, as follows:
Year of Retirement | Ratio of Increase | Year of Retirement | Ratio of Increase |
1920 | 88% | 1937 | 109% |
1921 | 72% | 1938 | 106% |
1922 | 64% | 1939 | 104% |
1923 | 61% | 1940 | 103% |
1924 | 61% | 1941 | 101% |
1925 | 66% | 1942 | 96% |
1926 | 66% | 1943 | 87% |
1927 | 65% | 1944 | 79% |
1928 | 65% | 1945 | 70% |
1929 | 65% | 1946 | 61% |
1930 | 66% | 1947 | 51% |
1931 | 71% | 1948 | 41% |
1932 | 79% | 1949 | 33% |
1933 | 89% | 1950 | 26% |
1934 | 99% | 1951 | 19% |
1935 | 107% | 1952 | 15% |
1936 | 111% | 1953 | 12% |
1954 | 10% |
N.J.S. § 43:4-3.2