New Jersey Statutes 53:5A-4. Establishment of state police retirement system; purpose
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Terms Used In New Jersey Statutes 53:5A-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
There is hereby established the “State Police Retirement System of New Jersey” in the Division of Pensions of the Department of the Treasury. It shall have the powers and privileges of a corporation. Its purpose is to provide retirement allowances and other benefits for its members and their beneficiaries in accordance with the provisions of this act.
L.1965, c. 89, s. 4, eff. July 1, 1965.