N.J. Admin. Code § 17:1-3.11
Current through Register Vol. 56, No. 24, December 18, 2024
Beginning with the calendar year 2002, and for any calendar year thereafter, the Director of the Division may adjust the compensation limit for exclusion from membership after retirement in the Public Employees' Retirement System. The compensation limit shall be adjusted by increments of $ 1,000, when $ 15,000 increased by 3/5 times the change in the Consumer Price Index as defined in N.J.S.A. 43:3B-1f from the Index applicable to calendar year 2001 to the Index applicable to the calendar year immediately preceding the year of adjustment, rounded to the next highest 100 dollars, exceeds the previous compensation limit by $ 1,000.
N.J. Admin. Code § 17:1-3.11
See: 40 N.J.R. 4928(a), 41 N.J.R. 277(a).
Deleted "of Pensions and Benefits" following "Division".