New Jersey Statutes 17:12B-57. Submission of pension plan for approval of commissioner
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Terms Used In New Jersey Statutes 17:12B-57
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Every pension plan adopted or altered for a State association shall before it is placed in operation, be submitted to the commissioner for his approval. The commissioner shall approve such plan or alterations thereof unless he shall find:
(a) it does not conform to law, or
(b) its adoption or alteration would be hazardous to the State association, or
(c) its provisions are unfair or inequitable.
L.1963, c. 144, s. 57.