43:13-22.54c - Liability for payment of increase by employer - New Jersey Statutes

43:13-22.54c.  Liability for payment of increase by employer
    The employer shall bear the cost of the increase in the pensions payable to  retirants pursuant to this act.  The employer shall appropriate the amount necessary to fund this act in the current fiscal year and in each following fiscal year.

    The pension commission shall certify to the employer the number of retirants  eligible to receive increases pursuant to this act and the amount necessary to  make the payments.

     L.1984, c. 117, s. 2, eff. Aug. 8, 1984.