New Jersey Statutes 52:18A-96. Transfer of agencies and their functions, powers, duties, equipment and records-exceptions
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 52:18A-96
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
The following agencies, namely the Board of Trustees of the Public Employees’ Retirement System, the Prison Officers’ Pension Commission, the Board of Trustees of the Teachers’ Pension and Annuity Fund, the Board of Trustees of the Alcoholic Beverage Law Enforcement Officers’ Pension Fund, the Board of Trustees of the Police and Firemen’s Retirement System of New Jersey, and the Consolidated Police and Firemen’s Pension Fund Commission, and all of their respective present functions, powers, duties, equipment and records, excepting, however, documents, records and equipment relating to their respective investments which documents, records and equipment shall remain in the Division of Investment of the Department of the Treasury, are hereby transferred to the Division of Pensions created and established hereunder in the Department of the Treasury.
L.1955, c. 70, p. 233, s. 2.