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Terms Used In New Jersey Statutes 43:10-72.3

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
The adoption of a resolution pursuant to this act shall not impair the pension rights of any sheriff’s employee theretofore employed, nor shall it relieve the county of its obligation to maintain a pension fund under this article for such previously appointed sheriff’s employees.

L.1947, c. 172, p. 787, s. 2.