New Jersey Statutes
§ 43:10-92 — Management of pension fund; investments
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
The board of chosen freeholders of said county shall have the management and control of such fund and is hereby empowered to make all necessary rules and regulations concerning the same not inconsistent with this article. All moneys not needed for the immediate payment of such pensions shall be invested by said board of chosen freeholders in interest-bearing bonds of any municipality in this state or in any other interest-bearing securities in which savings banks of this state are authorized to invest their funds.
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Nearby Sections
15
§ 43:10-10
Pension commission.§ 43:10-101
Time and manner of payment of pensions§ 43:10-102
Pension fund§ 43:10-103
Tax levy to meet requirements when fund deficient; contributions when fund exceeds adequate amount§ 43:10-104
Management and control of fund; investment§ 43:10-105
Exemption from taxation and process