43:13-37.11 - Maximum pensions; maximum deductions - New Jersey Statutes

43:13-37.11.  Maximum pensions;  maximum deductions
    The pension of any town employee under the provisions of this act shall not  exceed the sum of three thousand dollars ($3,000.00) per annum and in no event  shall there be paid to the widow of any town employee or dependents, under the  provisions of this act, an amount in excess of three thousand dollars  ($3,000.00) per annum.  Deduction from the salary or compensation of any such  officer or employees entitled to benefits under the provisions of this act  shall not exceed any amount paid as such salary or compensation over and above  the amount of six thousand dollars ($6,000.00).  Any salary or compensation  received by, or paid to, any such officer or employee as aforesaid, in excess  of the amount of six thousand dollars ($6,000.00) shall not be available as the  basis of accruing or additional benefits to any such officer or employee, under  the provisions of this act.

     L.1943, c. 189, p. 528, s. 11.