Statutes, codes, and regulations
New Jersey Statutes
Title 43 - PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 43:15B - DEFERRED COMPENSATION PLAN, LENGTH OF SERVICE AWARD PROGRAM
Section 43:15B-7 - Exclusion of deferred and deducted amount from computation of federal withholding taxes

N.J. Stat. § 43:15B-7

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Current through L. 2024, c. 87.
Section 43:15B-7 - Exclusion of deferred and deducted amount from computation of federal withholding taxes

Any amount of the employee's salary that is deferred and deducted under this act and the plan shall continue to be included as regular compensation for all purposes, including pension benefits earned by any such employee, but any salary deferred and deducted shall not be included in the computation of any Federal taxes withheld from the employee's salary on behalf of such employee.

N.J.S. § 43:15B-7

L.1977, c.381, s.7, eff. 2/8/1978.