reglab/housing_qa huggingface dataset:
NJ Rev Stat § 18A:66-111 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-111 - Option to retire after referendum; amount of pension

18A:66-111. Option to retire after referendum; amount of pension  When a majority of the members of any pension fund established pursuant to article 16 of chapter 5 of Title 18 of the Revised Statutes vote affirmatively on a referendum held pursuant to chapter 38 of the laws of 1955, any member of such fund who was in the employ of one of such boards of education on March 25, 1935 and has been continuously in the employ of one or more of such boards of education thereafter and has heretofore established credit in such pension fund for all service rendered subsequent to such date shall have the option to retire from such fund, to be exercised prior to the date of termination of the fund pursuant to referendum held in accordance with chapter 38 of the laws of 1955 and to receive during his or her natural life by way of pension 1/60 of the average annual compensation received in the last 3 years of creditable service immediately preceding his or her retirement, multiplied by the number of years of creditable service. If such option is exercised, the pension payable under this act shall be in lieu of all other rights to which the member might otherwise be entitled under said fund. L.1967, c.271; amended by L.1971, c. 382, s. 2, eff. Dec. 30, 1971.
NJ Rev Stat § 18A:66-113 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-113 - Deferred retirement allowance.

18A:66-113 Deferred retirement allowance.  18A:66-113. A member of the pension fund who has 10 years of service credit in the pension fund and who separates voluntarily or involuntarily before attaining the age of 60 years, and not by removal for cause on charges of misconduct or delinquency, may elect to receive a deferred retirement allowance beginning at the age of 60 years, equal to one-forty-fifth of the average annual compensation received by him during any three years of creditable service providing the largest possible benefit multiplied by the number of years of credited service, with optional privileges as provided for in subsection d. of section 18A:66-110. Such member shall advise the board of trustees of his election of such a deferred retirement allowance in writing, and shall complete such forms as shall be specified by the board of trustees in its administration of this section. Subsequent to making such an election, but prior to attaining age 60, a member may later elect to withdraw all payments which he has made to the pension fund together with simple interest at the rate of 4% per annum figured on such employee contributions. Upon such withdrawal of contributions, no further benefits shall be payable on behalf of said employee by the pension fund. If such a member should die before attaining the age of 60 years, all payments which he has made, together with simple interest at the rate of 4% per annum figured on such employee's contributions to the fund from the date of membership, shall be paid to such person, if living, as he shall have nominated by written designation duly executed and filed with the board of trustees, otherwise to the executor or administrator of the member's estate. Any member who, having elected to receive a deferred retirement allowance, again becomes an employee covered by the retirement system while under the age of 60 shall thereupon be reenrolled. He shall be credited with all service as a member standing to his credit at the time of his election to receive a deferred retirement allowance. L.1967, c.271; amended 1971, c.382, s.3; 1983, c.216, s.7; 1995, c.240, s.6; 1999, c.333, s.4.
NJ Rev Stat § 18A:66-113.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-113.1 - Early retirement.

18A:66-113.1 Early retirement.  4. Should a member resign after having established 25 years of creditable service before reaching age 60, he may elect "early retirement," provided that such election is communicated by such member to the retirement system by filing a written application, duly attested, stating at what time subsequent to the execution and filing thereof he desires to be retired. He shall receive in lieu of any other payment provided for in section 18A:66-113 retirement allowance of one-forty-fifth of his average annual compensation received in any three years of creditable service providing the largest possible benefit for each year of service credited reduced by one-quarter of 1% for each month that the member lacks of being age 55. L.1971,c.382,s.4; amended 1983, c.216, s.8; 1995, c.240, s.7; 1999, c.333, s.5.
NJ Rev Stat § 18A:66-114 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-114 - Public employee veterans, retirement benefits, certain.

18A:66-114 Public employee veterans, retirement benefits, certain.  18A:66-114. a. (Deleted by amendment, P.L.2004, c.173.) b. Any veteran who took or shall take office, position or employment with a board of education or a school district after June 26, 1962 and who shall become a member of the pension fund after such date, and who shall have attained 62 years of age and who shall present to the board of trustees satisfactory evidence of 20 years of aggregate service in office, position or employment with this State or with a county, municipality, or school district or board of education, shall have the privilege of retiring and of receiving annually from the fund, for and during the remainder of his life, by way of pension, 54.5% of the compensation upon which the veteran made contributions to the pension fund during the 12-month period of membership providing the largest possible benefit to the veteran, with the optional privileges provided in subsection d. of section 18A:66-110. c. Any public employee veteran member of the pension fund who has been for 20 years in the aggregate in office, position or employment with this State or with a county, municipality, or school district or board of education shall have the privilege of retiring for ordinary disability and of receiving a retirement allowance equal to 54.5% of the compensation upon which contributions to the pension fund are based during the 12-month period of membership providing the largest possible benefit to the veteran, with the optional privileges provided in subsection d. of section 18A:66-110. d. Any public employee veteran member who shall be in office, position or employment with a board of education or a school district and who shall have attained the age of 60 years of age and who has at least 25 years of aggregate service credit in such office, position or employment and who shall present to the board of trustees satisfactory evidence of at least 25 years of aggregate service in such office, position or employment, shall have the privilege of retiring for service and receiving annually from the fund, for and during the remainder of his life, by way of pension, 2.42% of the highest year's compensation during employment, upon which compensation he made contributions to the pension fund, multiplied by the number of years of service with the optional privileges provided in subsection d. of N.J.S.18A:66-110. L.1967, c.271; amended 1995, c.240, s.8; 2004, c.173, s.1.
NJ Rev Stat § 18A:66-114.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-114.1 - Veteran retirees, allowance increased.

18A:66-114.1 Veteran retirees, allowance increased.  2. a. The retirement allowance of each veteran retiree under N.J.S.18A:66-114 who retired before January 1, 1995 shall be increased by 33.3%. b. The retirement allowance of each veteran retiree under N.J.S.18A:66-114 who retired on or after January 1, 1995 and before December 31, 1999 shall be increased by 11.1%. c. The retirement allowance of each veteran retiree under N.J.S.18A:66-114 who retired after December 31, 1999 shall be increased by 9%. d. The increases in retirement allowances provided under subsection a., b. or c. of this section shall be applicable retroactively to payments made on or after January 14, 2002. The board of trustees shall make the appropriate calculations and the increase in benefits due to retirees shall be paid in such manner as the board of trustees shall determine. L.2004,c.173,s.2.
NJ Rev Stat § 18A:66-115 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-115 - Payment of pensions in semimonthly installments

18A:66-115. Payment of pensions in semimonthly installments  All pensions paid by a pension fund established under article 16 of chapter 5, Title 18 of the Revised Statutes or this article, shall be paid in equal semimonthly installments and shall not be decreased, revoked or repealed, except as otherwise provided in this article. L.1967, c.271.
NJ Rev Stat § 18A:66-116 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-116 - Exemptions

18A:66-116. Exemptions  18A:66-116. The right of a person to a pension, an annuity, or a retirement allowance, to the return of contributions, any benefit or right accrued or accruing to a person under the provisions of this article, and the moneys in the various funds created under this article, shall be exempt from levy and sale, garnishment, attachment or any other process arising out of any State court and, except as otherwise provided, shall be unassignable. Nothing in this section shall prohibit any person insured under a group insurance policy, pursuant to an arrangement among the insured, the group policyholder and the insurer, from making to any person other than his employer, a gift assignment of the rights and benefits conferred on him by any provision of such policy or by law including specifically, but not by way of limitation, the right to exercise the conversion privilege and the right to name a beneficiary. Any such assignment, whether made before or after the effective date of this act (P.L.1995, c.240), shall entitle the insurer to deal with the assignee as the owner of all rights and benefits conferred on the insured under the policy in accordance with the terms of the assignment. L.1967, c.271; amended 1995,c.240,s.9.
NJ Rev Stat § 18A:66-118 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-118 - Purchase of group life insurance policies for death benefits

18A:66-118. Purchase of group life insurance policies for death benefits  The county superintendent of schools is hereby authorized and permitted to purchase from one or more life insurance companies, a policy or policies of group life insurance to provide for the noncontributory death benefit and the contributory death benefit as provided in section 18A:66-117. L.1967, c.271.
NJ Rev Stat § 18A:66-119 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-119 - Qualifications of life insurance companies to issue group insurance policies

18A:66-119. Qualifications of life insurance companies to issue group insurance policies  Any life insurance company must meet the following requirements in order to qualify under section 18A:66-118: (a) be licensed under the laws of the state of New Jersey to transact life and accidental death insurance, and (b) the amount of its group life insurance in the state of New Jersey other than group creditors insurance shall at the time said insurance is to be purchased equal at least 1% of the total amount of such group life insurance in the state of New Jersey in all life insurance companies. L.1967, c.271.
NJ Rev Stat § 18A:66-120 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-120 - Payment of premiums for group life insurance

18A:66-120. Payment of premiums for group life insurance  a. In the event the county superintendent of schools shall determine to purchase group life insurance coverage for the noncontributory death benefits, premiums for the same shall be paid from a special fund, hereby created, called the "group insurance premium fund." The county superintendent of schools shall estimate annually the amount of premiums which will be required for such benefits for the ensuing fiscal year and shall certify such amounts to the participating employers as due and owing from them. The participating employers shall pay over to the county superintendent of schools the amount for premiums so certified and the county superintendent of schools shall deposit these amounts in the group insurance premium fund. b. In the event that the county superintendent of schools shall determine to purchase group coverage for the contributory death benefits, premiums for same shall be paid from a special fund hereby created called the "contributory group insurance premium fund." While such group coverage shall be in force, the contributions from the compensation of members or on behalf of members to provide such contributory death benefits shall be accumulated in said contributory group insurance premium fund c. Any dividend or retrospective rate credit allowed by an insurance company shall be accredited to the aforesaid funds in an equitable manner. During the period such group insurance policy or policies are in effect, there shall be no commingling of the moneys in said funds with any other fund established pursuant to this article. L.1967, c.271.
NJ Rev Stat § 18A:66-121 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-121 - Provision of conversion privileges in group life insurance policies

18A:66-121. Provision of conversion privileges in group life insurance policies  a. Any such group policy or policies shall include, with respect to any insurance terminating because the member has been retired or because of termination of service, the conversion privilege available upon termination of employment as prescribed by the law relating to group life insurance. Any such group policy or policies shall also provide that if a member dies during the 31-day period during which he would be entitled to exercise the conversion privilege, the amount of insurance with respect to which he could have exercised the conversion privilege shall be paid as a claim under the group policy. b. If any member who has exercised the conversion privilege under the group policy or policies again becomes a member of the pension fund while the individual policy obtained pursuant to the conversion privilege is still in force, he shall not again be eligible for any of the death benefits provided by the noncontributory or contributory insurance group policy or policies unless he furnishes satisfactory evidence of insurability. L.1967, c.271.
NJ Rev Stat § 18A:66-122 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-122 - Benefits under group life insurance policies; to whom paid

18A:66-122. Benefits under group life insurance policies; to whom paid  Benefits under such group policy or policies shall be paid by the company to such person, if living, as the member shall have nominated by written designation duly executed and filed with the insurance company through the policyholder, otherwise to the executors or administrators of the member's estate. A member may file with the insurance company through the policyholder and alter from time to time during his lifetime, as desired, a duly attested written nomination of his payee for the death benefit. L.1967, c.271.
NJ Rev Stat § 18A:66-123 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-123 - Options as to payment of death benefits

18A:66-123. Options as to payment of death benefits  Any such group policy or policies shall provide that payment of any death benefits which are payable by the insurance company may be made in one sum directly to the beneficiary as hereinafter provided, in equal installments over a period of years or as a life annuity or in such other manner as may be made available by the insurance company. A member may make such arrangements for settlement, and may alter from time to time during his lifetime any arrangement previously made, by making written request to the insurance company through the policyholder. Upon the death of a member, a beneficiary to whom a benefit is payable in one sum by the insurance company may likewise arrange for a settlement as described above. Any arrangement for payment under a group policy to a beneficiary shall be in lieu of that provided by the sections of this article establishing the benefits covered under such policy. L.1967, c.271.
NJ Rev Stat § 18A:66-124 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-124 - Leave of absence for illness deemed to be service

18A:66-124. Leave of absence for illness deemed to be service  a. For the purpose of section 18A:66-117 and subsection c. of section 18A:66-108, a member shall be deemed to be in service for a period of no more than 2 years while on official leave of absence without pay; provided that satisfactory evidence is presented to the board of trustees that such leave of absence without pay is due to illness. b. For the purpose of section 18A:66-117 and subsection c. of section 18A:66-108, a member shall be deemed to be in service for a period of no more than 93 days while on official leave of absence without pay when such leave of absence is due to any reason other than illness or military leave of absence. c. In order for a member to be covered for the contributory death benefits provided under section 18A:66-117, he shall continue to make contributions for same during the period such member is on official leave of absence without pay up to 93 days, except that when such official leave of absence without pay is due to illness, no contributions shall be required of the member during the period he is deemed to be in service while on such leave of absence. L.1967, c.271; amended by L.1968, c. 364, s. 5, eff. Dec. 26, 1968.
NJ Rev Stat § 18A:66-125 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-125 - Perjury to obtain pension

18A:66-125. Perjury to obtain pension  Any person who shall willfully or knowingly swear falsely in any oath for the purpose of obtaining or procuring any pension or the payment thereof, under the provisions of this article, shall be deemed guilty of perjury. L.1967, c.271.
NJ Rev Stat § 18A:66-126 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126 - Retention of moneys bars member

18A:66-126. Retention of moneys bars member  Any member of the pension fund who shall unlawfully retain any of the moneys, property, or effects of any such corporation organized under this article shall be forever barred from any benefit from the fund. L.1967, c.271.
NJ Rev Stat § 18A:66-126.1 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.1 - Definitions

18A:66-126.1. Definitions  As used in this act "retirant" means any former employee included in the membership of the retirement system established under the act to which this act is a supplement, who has retired from such employment and, as a result of such employment, is receiving a retirement allowance from the retirement system. "Calendar year" means the 12-month period beginning January 1 and ending December 31. "Retirement year" is the calendar year 1967 for all retirants who retired before the calendar year 1968; for all retirants who retired after 1967, "retirement year" is the actual calendar year of retirement. "Index" shall mean the annual average over a calendar year of the Consumer Price Index for Urban Wage Earners and Clerical Workers, All Items Series A, of the United States Department of Labor, (1957-1959=100). Should the reference base of said index be changed, the index used to determine the Consumer Price Index as defined herein will be the index converted to the new base by standard statistical methods. "Retirement year index" shall be the index of the calendar year 1967 for all retirants who retired prior to January 1, 1968 and the index for the calendar year of retirement for all retirants who retired thereafter. L.1971, c. 278, s. 1.
NJ Rev Stat § 18A:66-126.2 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.2 - Increase in pension

18A:66-126.2. Increase in pension  The monthly retirement allowance originally granted to any retirant shall be increased in accordance with the provisions of this act. Pension increases shall not be paid to retirants who are not receiving their regular, full, monthly retirement allowances. The increase granted under the provisions of this act shall be effective only on the first day of a month, shall be paid in monthly installments, and shall not be decreased, increased, revoked or repealed except as otherwise provided in this act. No increase shall be due to a retirant or his beneficiary unless it constitutes a payment for an entire month. L.1971, c. 278, s. 2.
NJ Rev Stat § 18A:66-126.3 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.3 - Ratio of increase

18A:66-126.3. Ratio of increase  The "ratio of increase" which shall apply to the retirement allowance originally granted to a retirant shall be calculated in accordance with the following percentages as determined by the calendar year in which the retirement became effective; provided that, in no instance shall the amount of the retirement allowance paid to any retirant under this supplementary act including payments under future revisions be less than the retirement allowance paid under section 6 of chapter 364, public laws of 1968.  Year of Ratio of Year of Ratio of Retirement Increase Retirement Increase 1940 132% 1948 35% 1941 120% 1949 36% 1942 99% 1950 35% 1943 88% 1951 25% 1944 85% 1952 22% 1945 80% 1953 21% 1946 66% 1954 21% 1947 45% L.1971, c. 278, s. 3.
NJ Rev Stat § 18A:66-126.4 (2021)
2021 New Jersey Revised Statutes|Title 18A - Education|Section 18A:66-126.4 - Appropriations to pay increase

18A:66-126.4 Appropriations to pay increase  4. The employer shall pay one-half the cost of the increase in the retirement allowances payable to retirants who retired from the employ of such employer. Certification of the amounts due shall be made by the board of trustees to each employer. Each employer shall appropriate the amounts so certified in the fiscal year next following its fiscal year in which such certification is made. Such amounts shall be paid by each employer to the retirement system. In making such certifications to employers in the years after 1970 the board of trustees shall take into account payments made by the employer, payments to retirants of such employer and prospective payments to be made to such retirants in the following year. The increase in retirement allowances provided for under this act shall commence provided, that there is appropriated the amount certified by the Director of the Division of Pensions of the State Department of the Treasury to the Director of the State Division of Budget and Accounting as set forth in the Pension Increase Act (P.L.1969, c.169). The increase in retirement allowances shall continue to be paid as long as there shall be appropriated the amounts so certified. In the event that the necessary funds are not so appropriated, the increase in retirement allowances shall cease; no further payments shall be made by other employers; refunds shall be made by the retirement system to all employers of any balances unexpended on their account. L.1971,c.278,s.4; amended 1995,c.240,s.10.