43:15A-68.1 - Accrued liability contribution of public employer adopting system after July 1, 1971; payment - New Jersey Statutes

43:15A-68.1.  Accrued liability contribution of public employer adopting system after July 1, 1971;  payment
    The accrued liability contribution of any public employer adopting the retirement system after July 1, 1971 for the purpose of providing prior service  credit for the service rendered prior to July 1, 1966, shall be payable by the  employer to the contingent reserve fund over a period of not less than 25 years  following the initial valuation of such liability by the actuary of the  retirement system.

     L.1971, c. 213, s. 49, eff. June 17, 1971.