New Jersey Statutes 43:3C-10. Approval of change in retirement or deferred compensation plan by State Treasurer
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 43:3C-10
- 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
A State autonomous authority may not establish or change a retirement or deferred compensation plan which provides for the payment of funds of the authority to that plan without the approval of the State Treasurer. The State Treasurer shall not approve the establishment or change of a retirement or deferred compensation plan unless it is determined that the plan or change is consistent with the policies inherent in State laws concerning retirement benefits for public employees and is in the public interest. This section is applicable to all State autonomous authorities regardless of whether they participate in a State-administered retirement system or deferred compensation program.
L.1990,c.25,s.4.