N.J. Stat. § 43:15A-46

Current through L. 2024, c. 87.
Section 43:15A-46 - Allowance for retirement for accidental disability

A member under 65 years of age upon retirement for accidental disability shall receive a retirement allowance which shall consist of:

a. An annuity which shall be the actuarial equivalent of his accumulated deductions together with regular interest; and
b. A pension, in the amount which, when added to the member's annuity, will provide a total retirement allowance of 72.7% of his actual annual compensation for which contributions were being made at the time of the occurrence of the accident.
c. Upon receipt of proper proofs of the death of a member who has retired on an accidental disability retirement allowance, there shall be paid to such member's beneficiary, an amount equal to 1 1/2 times the compensation upon which contributions by the member to the annuity savings fund were based in the last year of creditable service; provided, however, that if such death shall occur after the member shall have attained age 60, the amount payable shall equal 3/16 of such compensation.

N.J.S. § 43:15A-46

L.1954, c.84, p.503, s.46; amended by L.1955, c.261, p.968, s.13; L.1966, c.67, s.7; L.1971, c.213, s.20, eff. 6/17/1971; c. 353, s. 11, eff. 1/6/2002.
L. 2001, c. 353, s. 18, provides: "This act shall take effect immediately and shall be retroactive to October 1, 2001."