43:15A-68.1 - Accrued liability contribution of public employer adopting system after July 1, 1971;Ā payment
43:15A-68.1.Ā Accrued liability contribution of public employer adopting system after July 1, 1971;Ā payment
The accrued liability contribution of any public employer adopting the retirement system after July 1, 1971 for the purpose of providing prior serviceĀ credit for the service rendered prior to July 1, 1966, shall be payable by theĀ employer to the contingent reserve fund over a period of not less than 25 yearsĀ following the initial valuation of such liability by the actuary of theĀ retirement system.
L.1971, c. 213, s. 49, eff. June 17, 1971.
Ā
The accrued liability contribution of any public employer adopting the retirement system after July 1, 1971 for the purpose of providing prior serviceĀ credit for the service rendered prior to July 1, 1966, shall be payable by theĀ employer to the contingent reserve fund over a period of not less than 25 yearsĀ following the initial valuation of such liability by the actuary of theĀ retirement system.
L.1971, c. 213, s. 49, eff. June 17, 1971.
Ā