18A:66-126.2 - Increase in pension - New Jersey Statutes

18A:66-126.2.  Increase in pension
    The monthly retirement allowance originally granted to any retirant shall be  increased in accordance with the provisions of this act.

    Pension increases shall not be paid to retirants who are not receiving their  regular, full, monthly retirement allowances.  The increase granted under the  provisions of this act shall be effective only on the first day of a month,  shall be paid in monthly installments, and shall not be decreased, increased,  revoked or repealed except as otherwise provided in this act.  No increase  shall be due to a retirant or his beneficiary unless it constitutes a payment  for an entire month.

     L.1971, c. 278, s. 2.