New Jersey Statutes
§ 40A:11-15.1. Insurance contract to fund actuarial liability
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
1.Notwithstanding the provisions of subsection (6) of section 15 of P.L.1971, c.198 (C.40A:11-15) to the contrary, a county or a municipality in which a pension fund has been established pursuant to P.L.1943, c.160 (C. 43:10-18.1 et seq.), R.S.43:10-1 through R.S.43:10-18, P.L.1948, c.310 (C.43:10-18.50 et seq.), or P.L.1954, c.218 (C.43:13-22.3 et seq.), may enter into an insurance contract to fund the actuarial liability of its pension system, for a term which may not exceed the term of the actuarial liability covered by the contract. L.1985,c.68,s.1; amended 1994,c.185,s.2.
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Nearby Sections
15
§ 40A:11-1
Short title; citation§ 40A:11-11
Additional matters regarding contracts for the provision and performance of goods and services.§ 40A:11-13
Specifications.§ 40A:11-13.1
Payment from bequest, legacy or gift; conditions.§ 40A:11-13.2
Rejection of bids; reasons.§ 40A:11-13a
Contracts, low-volume road, reclaimed asphalt pavement, maximum percentage, total pavement mixtures.§ 40A:11-14
Form of contracts.§ 40A:11-15
Duration of certain contracts.§ 40A:11-15.1. Insurance contract to fund actuarial liability
§ 40A:11-15.1. Insurance contract to fund actuarial liability§ 40A:11-15.3
Contract for marketing of recyclable materials.§ 40A:11-16
Separate plans, specifications; contracts.