N.J. Stat. § 18A:66-113.1
Early retirement
New Jersey · New Jersey Statutes Title 18A — Education · Status: effective
Cite this
- Citation
- N.J. Stat. § 18A:66-113.1, Early retirement, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1450168
- Permanent ID
ys:prov:1450168@1- SHA-256
7f3c99c9a8ecb10926c32db913f9a9278a53e477687f41481a245f9239527ea3
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
4. Should a member resign after having established 25 years of creditable service before reaching age 60, he may elect "early retirement," provided that such election is communicated by such member to the retirement system by filing a written application, duly attested, stating at what time subsequent to the execution and filing thereof he desires to be retired. He shall receive in lieu of any other payment provided for in section 18A:66-113 retirement allowance of one-forty-fifth of his average annual compensation received in any three years of creditable service providing the largest possible benefit for each year of service credited reduced by one-quarter of 1% for each month that the member lacks of being age 55.