43:8B-12 - Cost of increase payable by employer - New Jersey Statutes

43:8B-12.  Cost of increase payable by employer
    The employer shall bear the cost of the increase in the pensions payable to  retirants who retired from the employ of such employer.  The employer shall  appropriate the amount, in the fiscal year next following, taking into account  payments made to retirants of such employer and prospective payments to be made  to such retirants in the following year.

     L.1971, c. 379, s. 4.