43:15A-104 - Contribution rate - New Jersey Statutes

43:15A-104.  Contribution rate
    The percentage contribution rate of each member who is a law enforcement officer shall be fixed according to his age at the time of becoming a permanent  and full-time employee of the State and shall be   1/2   of the total  percentage contribution rate calculated for such age by the actuary of the  board of trustees to be required to provide all benefits of service retirement,  ordinary disability retirement, and termination of service benefits provided by  this act and the act to which this act is a supplement. In the event that a  member ceases to hold a position as a law enforcement officer although  continuing his employment in a position covered by the Public Employees'  Retirement System, his rate of contribution shall be fixed in accordance with  the rates applicable at that time to persons becoming members who are not law  enforcement officers, except that his age at the time of becoming a permanent  full-time employee of the State shall be used in determining his rate of  contribution.

     L.1955, c. 257, p. 943, s. 8.  Amended by L.1956, c. 55, p. 109, s. 4.