40A:10-34.2 - Premiums or charges; employee contribution; retired employees - New Jersey Statutes

40A:10-34.2.  Premiums or charges;  employee contribution;  retired employees
    Any employer entering into such a contract is authorized to pay part or all  of the premiums or charges for such contracts and may appropriate out of its  general funds any money necessary to pay such premiums or charges or portions  thereof.  The contribution required of any employee toward the cost of such  coverage may be deducted from the pay, salary or other compensation of such  employee upon an authorization in writing made to the appropriate disbursing  officer.

    The continuance of coverage after retirement of any employee may be provided  at such rates and under the conditions as shall be prescribed in the contract,  subject, however, to the requirements hereinafter set forth in this section.   The contribution required of any retired employee toward the cost of such  coverage may be paid by him to his former employer or in such other manner as  the employer shall direct.

    Retired employees may be required to pay for the entire cost of coverage for  themselves and their dependents at rates which are determined based upon the  reasonable expected use of retired persons.

     L.1983, c. 191, s. 2, eff. May 23, 1983.