43:8A-8. Ordinary disability retirement allowance; death benefit
281 words·~1 min read·
/nj/title-43/chapter-8a/43-8a-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Upon the written application of a member in service or of his employer, any member who has had five or more years of creditable service may be retired by the board of trustees, not less than thirty days and not more than ninety days next following the date of filing such application, on an ordinary disability retirement allowance; provided, that the medical board, after a medical examination of such member, shall certify that such member is mentally or physically incapacitated for the performance of his usual duty and of any other available duty in the Division of Alcoholic Beverage Control which his employer is willing to assign to him and that such incapacity is likely to be permanent and to such an extent that he should be retired.
(2)Upon retirement for ordinary disability, a member shall receive an ordinary disability retirement allowance which shall consist of:
(a)An annuity which shall be the actuarial equivalent of his aggregate contributions at the time of retirement; and
(b)A pension equal to the annuity provided by the aggregate contributions but not less than the amount which when added to the member's annuity will provide a total retirement allowance of twenty-five per centum (25%) of the member's average final compensation.
(3)Upon the receipt of proper proofs of the death of a member who has retired on an ordinary disability retirement allowance, there shall be paid to such person, if living, as he shall have nominated by written designation duly executed and filed with the board of trustees, otherwise to the executor or administrator of the member's estate, the sum of two thousand dollars ($2,000.00).
L.1953, c. 423, p. 2132, s. 8.