43:10-103 - Tax levy to meet requirements when fund deficient; contributions when fund exceeds adequate amount
43:10-103.Ā Tax levy to meet requirements when fund deficient; contributions when fund exceeds adequate amount
In case, at any time there shall not be sufficient money in such pension fund to pay such pensions, the board of chosen freeholders of the county shall,Ā from time to time, include in any tax levy, a sum sufficient to meet theĀ requirements of such pension fund.Ā Whenever such pension fund shall exceed anĀ amount which the board of chosen freeholders of such county shall by resolutionĀ from time to time determine to be adequate for such pension fund, no moneysĀ except the three per centum (3%) specified in this act, and the moneys given orĀ donated as herein mentioned and any aforementioned rewards shall be paid intoĀ such fund, unless and until the amount of such fund shall fall below the amountĀ thus determined to be adequate.
L.1938, c. 330, p. 843, s. 11.
Ā
In case, at any time there shall not be sufficient money in such pension fund to pay such pensions, the board of chosen freeholders of the county shall,Ā from time to time, include in any tax levy, a sum sufficient to meet theĀ requirements of such pension fund.Ā Whenever such pension fund shall exceed anĀ amount which the board of chosen freeholders of such county shall by resolutionĀ from time to time determine to be adequate for such pension fund, no moneysĀ except the three per centum (3%) specified in this act, and the moneys given orĀ donated as herein mentioned and any aforementioned rewards shall be paid intoĀ such fund, unless and until the amount of such fund shall fall below the amountĀ thus determined to be adequate.
L.1938, c. 330, p. 843, s. 11.
Ā