{"data":{"id":"us-nj/n.j.-stat.-43-3b-3","jurisdiction":"us-nj","citation":"N.J. Stat. § 43:3B-3","heading":"Percentage of adjustment; calculation","body":"For retirants and beneficiaries, the percentage of adjustment which shall apply to the retirement allowance, survivorship benefit or pension originally granted to a retirant or beneficiary shall be calculated in accordance with the  following percentages as determined by the calendar year in which the retirement became effective; provided that, in no instance shall the amount of the retirement allowance or pension paid to any retirant under this act including payments under future revisions be less than the retirement allowance or pension paid under chapter 143, public laws of 1958 as amended by chapter  144, public laws of 1961 and chapter 198, public laws of 1964; and, provided  further, that in no instance shall the amount of the retirement allowance,  survivorship benefit or pension originally granted and payable to any retirant  or beneficiary be reduced as a result of the provisions of this amendatory and  supplementary act. In no event shall a beneficiary whose benefit year is  established by subsection d.(4) of section 1 of this act (C. 43:3B-1) be  eligible for an increase under this section.\nYear of                            Year of\nRetirement   Percentage of         Retirement   Percentage of\nor Death      Adjustment           or Death     Adjustment\n1915           219%                 1935          137%\n1916           198%                 1936          134%\n1917           153%                 1937          126%\n1918           116%                 1938          130%\n1919            88%                 1939          134%\n1920            62%                 1940          132%\n1921            82%                 1941          120%\n1922            94%                 1942           99%\n1923            90%                 1943           88%\n1924            90%                 1944           85%\n1925            85%                 1945           80%\n1926            84%                 1946           66%\n1927            87%                 1947           45%\n1928            89%                 1948           35%\n1929            89%                 1949           36%\n1930            94%                 1950           35%\n1931           113%                 1951           25%\n1932           138%                 1952           22%\n1933           151%                 1953           21%\n1934           143%                 1954           21%\nL.1958, c.143, s.3; amended by L.1961, c. 144, p. 820, s. 2, eff.  July 1, 1962; L.1969, c. 169, s. 3; L.1971, c. 139, s. 4, eff. May 12, 1971;  L.1977, c. 306, s. 2, eff. Dec. 27, 1977.","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":"0069ce73b5327411ae7326699d8cd3dcef3611be8701c9108e41722c81a8a86e","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-43-3b-2","next":"us-nj/n.j.-stat.-43-3b-4"},"notice":"GroundRules: Original legal text. Not legal advice."}