New Jersey Statutes

§ 40A:11-15.1. Insurance contract to fund actuarial liability

New Jersey § 40A:11-15.1. Insurance contract to fund actuarial liability
JurisdictionNew Jersey
Title 40AMUNICIPALITIES AND COUNTIES

This text of New Jersey § 40A:11-15.1. Insurance contract to fund actuarial liability is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.J. Stat. Ann. § 40A:11-15.1. Insurance contract to fund actuarial liability (2026).

Text

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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Bluebook (online)
New Jersey § 40A:11-15.1. Insurance contract to fund actuarial liability, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/40A/40A%3A11-15.1.%20Insurance%20contract%20to%20fund%20actuarial%20liability.