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Section 43:8B-11 - Ratio of increase

NJ Rev Stat § 43:8B-11 (2019) (N/A)
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43:8B-11. Ratio of increase

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.

Year of Ratio of

Retirement Increase

1915 219%

1916 198%

1917 153%

1918 116%

1919 88%

1920 62%

1921 82%

1922 94%

1923 90%

1924 90%

1925 85%

1926 84%

1927 87%

1928 89%

1929 89%

1930 94%

1931 113%

1932 138%

1933 151%

1934 143%

1935 137%

1936 134%

1937 126%

1938 130%

1939 134%

1940 132%

1941 120%

1942 99%

1943 88%

1944 85%

1945 80%

1946 66%

1947 45%

1948 35%

1949 36%

1950 35%

1951 25%

1952 22%

1953 21%

1954 21%

L.1971, c. 379, s. 3.

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