State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-8b > 43-8b-11

43:8B-11.    Ratio of increase
    The  "ratio of increase"  which shall apply to the pension 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.

                    Year of                 Ratio of

                     Retirement               Increase

  

                      1915                    219%

                        1916                    198%

                        1917                    153%

                        1918                    116%

                        1919                     88%

                        1920                     62%

                        1921                     82%

                        1922                     94%

                        1923                     90%

                        1924                     90%

                        1925                     85%

                        1926                     84%

                        1927                     87%

                        1928                     89%

                        1929                     89%

                        1930                     94%

                        1931                    113%

                        1932                    138%

                        1933                    151%

                        1934                    143%

                        1935                    137%

                        1936                    134%

                        1937                    126%

                        1938                    130%

                        1939                    134%

                        1940                    132%

                        1941                    120%

                        1942                     99%

                        1943                     88%

                        1944                     85%

                        1945                     80%

                        1946                     66%

                        1947                     45%

                        1948                     35%

                        1949                     36%

                        1950                     35%

                        1951                     25%

                        1952                     22%

                        1953                     21%

                        1954                     21%

  

   L.1971, c. 379, s. 3.