43:16-1.2. Effective date and payment of pension
94 words·~1 min read·
/nj/title-43/chapter-16/43-16-1-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
5. A pension granted under the provisions of the act, to which this act is amendatory and supplementary, shall be effective only on the first day of a month, shall be paid in equal monthly installments, and shall not be decreased, increased, revoked or repealed, except as otherwise provided by the statutory law. No pension shall be due to a retirant or beneficiary unless it constitutes a payment for an entire month; provided, however, that a pension shall be payable for the entire month in which the retirant or beneficiary dies.
L.1971,c.179,s.5; amended 1995,c.214.