N.J.S. § 43:3C-9.3 Tpaf, Jrs, Pers, Pfrs, Sprs Compensation Limitation Not to Be Exceeded

• Library: New Jersey Permanent Statutes
• Edition: 2023
• Currency: Current through L. 2023, c. 194.
• Year: 2023
• Citation: N.J.S. § 43:3C-9.3

Notwithstanding any law, rule or regulation to the contrary, for members of the Teachers' Pension and Annuity Fund, the Judicial Retirement System, the Public Employees' Retirement System, the Police and Firemen's Retirement System, and the State Police Retirement System, the amount of compensation which may be used for member contributions and benefits under the retirement systems after June 30, 1996 shall not exceed the compensation limitation of section 401 (a) (17) of the federal Internal Revenue Code of 1986, (26 U.S.C. s. 401 (a) (17)), as amended pursuant to section 13212 of the Omnibus Budget Reconciliation Act of 19...