43:16A-40 - First or second class counties over 300,000; admission of park police as members; fiscal statement - New Jersey Statutes

43:16A-40.  First or second class counties over 300,000;  admission of park  police as members;  fiscal statement
    The park commission in any county of the first class or county of the second  class having a population not in excess of 300,000 created pursuant to the  provisions of the Revised Statutes, sections 40:37-96 through 40:37-194, may by  an appropriate resolution request the board of trustees of the State Police and  Firemen's Retirement System to permit the members of the park police department  of any such county to become members of the State fund. The trustees shall  thereupon request full information on forms to be supplied by them as to the  employees who are to become members of the fund and transmit to such county  park commission the following fiscal statement:

    (1) Estimated cost to the county park commission as follows:

     (a) The annual normal contribution to be made on account of employees then  in service.

     (b) The percentage of payroll for employees then in service, to meet the contribution under (a).

     (c) The estimated lump sum of accrued liability for services rendered and to be rendered prior to the following January 1.

     (d) The percentage of present payroll to meet the liability stated in (c).

      (e) The estimated annual contribution on account of the accrued liability if paid in 10 installments.

      (f) The percentage of present payroll, to meet the accrued liability, as stated in (e).

      (g) The estimated annual contribution on account of accrued liability if met in 25 installments.

      (h) The percentage of present payroll to meet the accrued liability, as stated in (g).

    (2) The annual contribution of the employee stated in percentage of pay for  the several age brackets as of the following January 1.

     L.1948, c. 441, p. 1731, s. 1.  Amended by L.1971, c. 88, s. 1, eff. April 8,  1971.