43:5A-1 - Definitions
43:5A-1.Ā Definitions
For the purposes of this act:
a. "final compensation"Ā means either (1) the average annual compensationĀ of an employee during the last 60 months preceding the month in which theĀ employee is retired, or (2) the average annual compensation of the employee forĀ any 5 fiscal years of the State during the period of continuous service uponĀ which his eligibility for a pension under this act is based, depending uponĀ which method of computation provides the larger benefit to the employee;
b. "years of continuous service"Ā shall be computed as the number of yearsĀ and months of paid service rendered to the State of New Jersey;
c.Ā an employee shall be deemed to beĀ "permanently and totally disabled" when it appears not only that he is physically or otherwise incapacitated for service, but also that such incapacity will, in all reasonable probability, continue permanently;
d.Ā the Social Security system shall not be deemed a retirement system for the purpose of determining eligibility to a pension under this act;
e. "Commission"Ā means the State House Commission.
L.1973, c. 249, s. 1, eff. Nov. 26, 1973.
Ā
For the purposes of this act:
a. "final compensation"Ā means either (1) the average annual compensationĀ of an employee during the last 60 months preceding the month in which theĀ employee is retired, or (2) the average annual compensation of the employee forĀ any 5 fiscal years of the State during the period of continuous service uponĀ which his eligibility for a pension under this act is based, depending uponĀ which method of computation provides the larger benefit to the employee;
b. "years of continuous service"Ā shall be computed as the number of yearsĀ and months of paid service rendered to the State of New Jersey;
c.Ā an employee shall be deemed to beĀ "permanently and totally disabled" when it appears not only that he is physically or otherwise incapacitated for service, but also that such incapacity will, in all reasonable probability, continue permanently;
d.Ā the Social Security system shall not be deemed a retirement system for the purpose of determining eligibility to a pension under this act;
e. "Commission"Ā means the State House Commission.
L.1973, c. 249, s. 1, eff. Nov. 26, 1973.
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