Section 43:15A-45 - Allowance for ordinary disability retirementA member upon retirement for ordinary disability shall receive a retirement allowance, which shall consist of:
a. An annuity which shall be the actuarial equivalent of his accumulated deductions together with regular interest andb. A pension in the amount which, when added to the member's annuity, will provide a total retirement allowance of 1.64% of final compensation multiplied by his number of years of creditable service; provided further, that in no event shall the allowance be less than 43.6% of final compensation.c. Upon the receipt of proper proofs of the death of a member who has retired on an ordinary disability retirement allowance, there shall be paid to such member's beneficiary, an amount equal to 1 1/2 times the compensation upon which contributions by the member to the annuity savings fund were based in the last year of creditable service; provided, however, that if such death shall occur after the member shall have attained age 60, the amount payable shall equal 3/16 of such compensation.L.1954, c.84, p.503, s.45; amended by L.1955, c.261, p.967, s.12; L.1966, c.67, s.6; L.1971, c.213, s.19, eff. 6/17/1971; c. 353, s. 9, eff. 1/6/2002. L. 2001, c. 353, s. 18, provides: "This act shall take effect immediately and shall be retroactive to October 1, 2001."