If, in any year, the State does not appropriate the amount required under section 4 of P.L.1958, c. 143 (C. 43:3B-4), no adjustments in benefits may be paid under any other law of New Jersey in the subsequent calendar year to retirants or beneficiaries of active or retired members of any retirement system or program which is not administered by the Division of Pensions of the State of New Jersey.
N.J. Stat. Ann. § 43:3B-4.1
Failure to appropriate money for increases; effect
Known as the Pension Adjustment Act
The act spans §§ 43:3B-1 to 43:3B-9 (22 sections).
L.1971, c. 139, s. 10, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.