{"data":{"id":"us-nj/n.j.-stat.-43-15a-61.2","jurisdiction":"us-nj","citation":"N.J. Stat. § 43:15A-61.2","heading":"Increase of retirement allowance under subsection b. of C.43:15A-61 and C.43:15A-50.","body":"15.\tThe retirement allowance of each retiree under subsection b. of section 61 of P.L.1954, c.84 (C.43:15A-61), or the retiree's beneficiary pursuant to section 50 of P.L.1954, c.84 (C.43:15A-50), on the effective date of P.L.2001, c.353 shall be increased from 50% to 54.5% of the compensation for which contributions were made during the 12-month period of membership providing the largest possible benefit to the member or the member's beneficiary.  The provisions of section 7 of P.L.1969, c.169 (C.43:3B-8) shall not be applicable to the increases in retirement allowances provided by this section.\nL.2001,c.353,s.15.","path":["TITLE 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT \t\t\tCOMPENSATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"dc23dc727aa536bfb1a647ef9188a574339fce0d813811ec861cf1583f7c3ee4","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-43-15a-61.1","next":"us-nj/n.j.-stat.-43-15a-61.3"},"notice":"GroundRules: Original legal text. Not legal advice."}