43:8A-21 - False statements; fraud; correction of errors; adjustment of payments - New Jersey Statutes

43:8A-21.  False statements;  fraud;  correction of errors;  adjustment of payments
    Any person who shall knowingly make any false statement or shall falsify or  permit to be falsified any record or records of the pension fund in any attempt  to defraud such pension fund as a result of such act shall be guilty of a  misdemeanor and shall be punishable therefor under the laws of the State of New  Jersey.  Should any change or error in the records result in any member or  person receiving from the pension fund more or less than he would have been  entitled to receive had the records been correct, the board of trustees shall  correct such error, and as far as practicable, shall adjust the payments in  such manner that the actuarial equivalent of the benefit to which such member  or beneficiary was correctly entitled shall be paid.

     L.1953, c. 423, p. 2142, s. 21.