N.J.S. § 43:15A-148 "Early" Retirement; Formula, Conditions

LibraryNew Jersey Permanent Statutes
Edition2023
CurrencyCurrent through L. 2023, c. 194.
Year2023
CitationN.J.S. § 43:15A-148

Any workers compensation judge who has served at least five years successively as a judge of compensation and at least 25 years of aggregate public service, and who resigns or is not reappointed before reaching age 60, may elect "early" retirement, provided, that such election is communicated by the member to the retirement system by filing a written application, duly attested, stating at what time subsequent to the execution and filing thereof the member desires to be retired. Any member of the retirement system, eligible to retire under the provisions of this section, shall receive a retirement allowance consisting of an annuity which shall be the actuarial equivalent of the member's accumulated deductions together with regular interest, and a pension which, when added to the member's annuity, shall pr...

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