52:18A-109 - Supplementary annuity program;Ā establishment; contributions
52:18A-109.Ā Supplementary annuity program;Ā establishment; contributions
Each State administered retirement system shall establish, as a part thereof, a supplementary annuity program under which it will receive voluntary contributions from its members, which shall be in addition to any contributionsĀ required of them by that retirement system, for the purpose of providingĀ annuities to supplement their retirement allowances.Ā Each such StateĀ administered retirement system shall, upon receipt of such contributions, placeĀ the same in the Supplemental Annuity Collective Trust, hereinafter described.
L.1963, c. 123, s. 3.
Ā
Each State administered retirement system shall establish, as a part thereof, a supplementary annuity program under which it will receive voluntary contributions from its members, which shall be in addition to any contributionsĀ required of them by that retirement system, for the purpose of providingĀ annuities to supplement their retirement allowances.Ā Each such StateĀ administered retirement system shall, upon receipt of such contributions, placeĀ the same in the Supplemental Annuity Collective Trust, hereinafter described.
L.1963, c. 123, s. 3.
Ā