N.J.S. § 43:8B-11 Ratio of Increase

• Library: New Jersey Permanent Statutes
• Edition: 2023
• Currency: Current through L. 2023, c. 118.
• Year: 2023
• Citation: N.J.S. § 43:8B-11

The "ratio of increase" which shall apply to the pension originally granted to a retirant shall be calculated in accordance with the following percentages as determined by the calendar year in which the retirement became effective.

<TABLE border="0"> <TR><TD> <para>Year of Retirement</para></TD><TD> <para> Ratio of Increase</para></TD> </TR> <TR><TD> <para>1915</para></TD><TD> <para> 219%</para></TD> </TR> <TR><TD> <para>1916</para></TD><TD> <para> 198%</para></TD> </TR> <TR><TD> <para>1917</para></TD><TD> <para> 153%</para></TD> </TR> <TR><TD> <para>1918</para></TD><TD> <para> 116%</para></TD> </TR> <TR><TD> <para>1919</para></TD><TD> <para> 88%</para></TD> </TR> <TR><TD> <para>1920</para></TD><TD> <para> 62%</para></TD> </TR> <TR><TD> <para>1921</para></TD><TD> <para> 82%</para></TD> </TR> <TR><TD> <para>1922</para></TD><TD> <para> 94%</para></TD> </TR> <TR><TD> <para>1923</para></TD><TD> <para> 90%</para></TD> </TR> <TR><TD> <para>1924</para> </TD><TD> <para> 90%</para></TD> </TR> <TR><TD> <para>1925</para></TD><TD> <para> 85%</para></TD> </TR> <TR><TD> <para>1926</para></TD><TD> <para> 84%</para></TD> </TR> <TR><TD> <para>1927</para></TD><TD> <para> 87%</para></TD> </TR> <TR><TD> <para>1928</para></TD><TD> <para> 89%</para></TD> </TR> <TR><TD> <para>1929</para></TD><TD> <para> 89%</para></TD> </TR> <TR><TD> <para>1930</para></TD><TD> <para> 94%</para></TD> </TR> <TR><TD> <para>1931</para></TD><TD> <para> 113%</para></TD> </TR> <TR><TD> <para>1932</para></TD><TD> <para> 138%</para></TD> </TR> <TR><TD> <para>1933</para></TD><TD> <para> 151%</para></TD> </TR> <TR><TD> <para>1934</para></TD><TD> <para> 143%</para></TD> </TR> <TR><TD> <para>1935</para></TD><TD> <para> 137%</para></TD> </TR> <TR><TD> <para>1936</para></TD><TD> <para> 134%</para></TD> </TR> <TR><TD> <para>1937</para></TD><TD> <para> 126%</para></TD> </TR> <TR><TD> <para>1938</para> </TD><TD> <para> 130%</para></TD> </TR> <TR><TD> <para>1939</para></TD><TD> <para> 134%</para></TD> </TR> <TR><TD> <para>1940</para></TD><TD> ...