52:18A-109 - Supplementary annuity program; establishment; contributions - New Jersey Statutes

52:18A-109.  Supplementary annuity program;  establishment; contributions
    Each State administered retirement system shall establish, as a part thereof, a supplementary annuity program under which it will receive voluntary contributions from its members, which shall be in addition to any contributions  required of them by that retirement system, for the purpose of providing  annuities to supplement their retirement allowances.  Each such State  administered retirement system shall, upon receipt of such contributions, place  the same in the Supplemental Annuity Collective Trust, hereinafter described.

     L.1963, c. 123, s. 3.