Section 102:8 – Retirement Fund.
102:8 Retirement Fund. – The retirement benefits and other compensation provided for by this chapter shall be paid out of a retirement fund which shall be made up from the funds available from the following sources: I. The moneys heretofore or hereafter appropriated by the legislature to carry out the provisions hereof. II. The […]
Section 102:9 – Assessments From Firemen.
102:9 Assessments From Firemen. – At the beginning of each fiscal year the retirement board shall fix the assessment upon the annual salaries of all permanent firemen who accept the provisions of this chapter. The rate of assessment shall be 5- 1/2 percent of each permanent fireman’s annual salary who was appointed a permanent […]
Section 102:10 – Contributions.
102:10 Contributions. – I. At the beginning of each year commencing on the first day of July the board of trustees shall certify to each employer other than the state the percentage rates of contribution due the system from each such employer, and shall assess upon each such employer such percentages of the earnable […]