N.J. Stat. § 43:5A-3: Amount of pension

The amount of annual pension granted to a State employee retired under this act shall be equal to 1% of his final compensation multiplied by the number of years of continuous service immediately prior to his retirement, except that if his continuous service with the State exceeds 40 years, his annual pension under this act shall not be less than 1/4 of his final compensation.

L.1973, c. 249, s. 3, eff. Nov. 26, 1973.