18A:66-126.3 - Ratio of increase - New Jersey Statutes

18A:66-126.3.   Ratio of increase     The  "ratio of increase"  which shall apply to the retirement allowance 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; provided that, in no instance shall the amount of the retirement allowance paid to any retirant under this supplementary act including payments under future revisions be less than the retirement allowance  paid under section 6 of chapter 364, public laws of 1968.

          Year of        Ratio of       Year of       Ratio of

           Retirement      Increase      Retirement     Increase

              1940           132%           1948           35%

              1941           120%           1949           36%

              1942           99%            1950           35%

              1943           88%            1951           25%

              1944           85%            1952           22%

              1945           80%            1953           21%

              1946           66%            1954           21%

              1947           45%

   L.1971, c. 278, s. 3.