N.J. Stat. § 43:13-22.44

Current through L. 2024, c. 87.
Section 43:13-22.44 - Ratio of increase

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.

Year of Retirement

Ratio of Increase

1915

219%

1916

198%

1917

153%

1918

116%

1919

88%

1920

62%

1921

82%

1922

94%

1923

90%

1924

90%

1925

85%

1926

84%

1927

87%

1928

89%

1929

89%

1930

94%

1931

113%

1932

138%

1933

151%

1934

143%

1935

137%

1936

134%

1937

126%

1938

130%

1939

134%

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%

1954

21%

N.J.S. § 43:13-22.44

L.1971, c.277, s.3.