Judicial Retirement System Act

New Jersey · Pensions and Retirement and Unemployment Compensation · §§ 43:6A-1 to 43:6A-9.6 · 66 sections

Overview

The Judicial Retirement System Act establishes a pension system for judges, setting the terms on which they qualify for and receive retirement benefits — including service and age thresholds, early retirement, disability retirement, deferred benefits for judges who resign or are not reappointed, and credit for prior public service. It defines survivor and death benefits, offers optional payment elections with spousal notification requirements, and authorizes group life insurance coverage as an alternative to statutory death benefits. The act also creates the system's financial machinery: designated reserve, annuity savings, and contingent reserve funds, member payroll contributions and member borrowing, periodic actuarial valuation, and a state body charged with administering the system and holding its assets in trust.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

In the courts

Sections of this act have been cited in 3 court decisions.

Most-cited authority: 174 W. Va. 258 - In Re Dostert

Sections covered

N.J. Stat. Ann. § 43:6A-1Short title
N.J. Stat. Ann. § 43:6A-10Early retirement; 5 or more years of service with additional public service of 20 or more years; amount of pension
N.J. Stat. Ann. § 43:6A-11Resignation or failure of reappointment after 5 successive years and 10 years in aggregate; election of benefit
N.J. Stat. Ann. § 43:6A-11.1Certain members of Judicial Retirement System; deferment
N.J. Stat. Ann. § 43:6A-11.2Deferred retirement, annuities, Judicial Retirement System, reactivation
N.J. Stat. Ann. § 43:6A-12Disability retirement1 cite
N.J. Stat. Ann. § 43:6A-13Retired judge not to engage in practice of law; assignment to sit in court1 cite
N.J. Stat. Ann. § 43:6A-14Membership in other retirement system under state law
N.J. Stat. Ann. § 43:6A-14.1Election to terminate membership in other retirement system or waiver of joinder in judicial retirement system; credit for public service
N.J. Stat. Ann. § 43:6A-14.2Credit for previous service in office, position or employment of state or governmental entity; application; purchase; employer's accrued liability obligation
N.J. Stat. Ann. § 43:6A-15Veterans; ineligibility for retirement benefits as public employee
N.J. Stat. Ann. § 43:6A-16Pensions and retirement allowances in monthly installments
N.J. Stat. Ann. § 43:6A-16.1Options for payment of survivor benefits in Judicial Retirement System
N.J. Stat. Ann. § 43:6A-16.2Form required when member chooses certain option; notification to spouse
N.J. Stat. Ann. § 43:6A-17Death in active service; payments to beneficiaries
N.J. Stat. Ann. § 43:6A-17.1Additional death benefit for members of Judicial Retirement System
N.J. Stat. Ann. § 43:6A-18Death after retirement; payments to beneficiaries
N.J. Stat. Ann. § 43:6A-19Death of retirant on pension or retirement allowance based on age and service or early retirement; payments to beneficiary
N.J. Stat. Ann. § 43:6A-2Severability
N.J. Stat. Ann. § 43:6A-20Death of disability retirant; payments to beneficiary
N.J. Stat. Ann. § 43:6A-21Group life insurance coverage; authorization to purchase; benefits in lieu of death benefits
N.J. Stat. Ann. § 43:6A-22Qualifications for life insurance company
N.J. Stat. Ann. § 43:6A-23Option on purchase of group life insurance coverage for death benefit provisions
N.J. Stat. Ann. § 43:6A-24Group life insurance coverage; payment of premiums; group insurance premium fund
N.J. Stat. Ann. § 43:6A-25Terms of policy
N.J. Stat. Ann. § 43:6A-26Payment of benefits
N.J. Stat. Ann. § 43:6A-27Settlement options
N.J. Stat. Ann. § 43:6A-28Reduction of premiums for non payment of commissions; authorization
N.J. Stat. Ann. § 43:6A-29State House Commission, operation of system
N.J. Stat. Ann. § 43:6A-3Definitions
N.J. Stat. Ann. § 43:6A-30Trustee of funds; custodian of funds; administration of program
N.J. Stat. Ann. § 43:6A-31Actuarial investigation and valuation; adoption of tables for mortality, service, etc
N.J. Stat. Ann. § 43:6A-3.1Final salary; retirement after January 1, 1982
N.J. Stat. Ann. § 43:6A-32Contingent reserve, annuity savings and retirement reserve funds; establishment
N.J. Stat. Ann. § 43:6A-33Computation of contributions; valuation of assets; contingent reserve fund
N.J. Stat. Ann. § 43:6A-33.1Payment of pension adjustment benefits, funding
N.J. Stat. Ann. § 43:6A-34Retirement reserve fund; source of funds for payment of pensions
N.J. Stat. Ann. § 43:6A-34.1Annuity savings fund, payroll deductions
N.J. Stat. Ann. § 43:6A-34.2State house commission; interest on balance in annuity savings, contingent reserve and retirement reserve funds
N.J. Stat. Ann. § 43:6A-34.3Borrowing by members from retirement system, interest rates
N.J. Stat. Ann. § 43:6A-34.4Repayment of loans after retirement of members of JRS
N.J. Stat. Ann. § 43:6A-35Retirement system; interest on balance in contingent reserve, annuity savings and retirement reserve funds
N.J. Stat. Ann. § 43:6A-36Obligations of act as obligations of state; budget and appropriation of amounts to meet obligations
N.J. Stat. Ann. § 43:6A-37Inapplicability of other laws on pensions or retirement benefits to members or beneficiaries; nonliability of system it reserves nonexistent
N.J. Stat. Ann. § 43:6A-38Error in records; correction
N.J. Stat. Ann. § 43:6A-39Waiver of payment of portion of payment of pension, retirement allowance or benefit
N.J. Stat. Ann. § 43:6A-4Establishment; powers and privileges; purpose
N.J. Stat. Ann. § 43:6A-40Deductions to pay premiums; authorization by written request
N.J. Stat. Ann. § 43:6A-41Right to pension, retirement allowance or benefit and moneys in various funds; exemption from taxes and legal process; unassignability
N.J. Stat. Ann. § 43:6A-42Designation of beneficiary; writing; filing; change; rights of beneficiaries; election of payment of death benefits
N.J. Stat. Ann. § 43:6A-43Active membership while on official leave of absence; qualifications for payment of death benefit
N.J. Stat. Ann. § 43:6A-44Ineligibility for death benefits for retirant with less than 10 years of service credit; minimum amount of benefit to qualify
N.J. Stat. Ann. § 43:6A-45Repeals
N.J. Stat. Ann. § 43:6A-46Provisos to repeals
N.J. Stat. Ann. § 43:6A-47Provisos applicable to L.1981, c. 470
N.J. Stat. Ann. § 43:6A-5Membership
N.J. Stat. Ann. § 43:6A-6Computation of years of service
N.J. Stat. Ann. § 43:6A-7Mandatory age of retirement; early retirement; application
N.J. Stat. Ann. § 43:6A-8Eligibility for retirement; 10 years or more of service; amount of pension
N.J. Stat. Ann. § 43:6A-9Eligibility for retirement; 5 years or more of service with additional public service; amount of pension1 cite
N.J. Stat. Ann. § 43:6A-9.1Five years as judge with 15 years additional public service at age 60
N.J. Stat. Ann. § 43:6A-9.2Judge serving at age 60
N.J. Stat. Ann. § 43:6A-9.3Judges of county court; entitlement to qualify for maximum pension if entitled to maximum pension under prior law
N.J. Stat. Ann. § 43:6A-9.4Judge's widow; pension
N.J. Stat. Ann. § 43:6A-9.5Inapplicability of act to judge or surviving widow; retirement prior to July 1, 1976
N.J. Stat. Ann. § 43:6A-9.6Eligibility for retirement; age 70 with 25 years of public service

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