New Jersey § 43:15A-112 Termination of fund;  transfer of securities, assets and records

New Jersey Statutes

§ 43:15A-112 — Termination of fund; transfer of securities, assets and records

New Jersey § 43:15A-112

Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:15A-112 (Termination of fund; transfer of securities, assets and records) 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. § 43:15A-112 (2026).

Text

When this act becomes operative with regard to a pension fund, such pension fund shall terminate. Upon the termination of such pension fund, all securities, assets and records of such fund shall be transferred to the board of trustees of the Public Employees' Retirement System. All securities and assets so transferred shall be credited to the Contingent Reserve Fund and there shall be transferred from the Contingent Reserve Fund to the Annuity Savings Fund an amount equal to the aggregate contributions of active members to the terminated pension fund. L.1956, c. 169, p. 663, s.

2.Amended by L.1959, c. 170, p. 702, s. 5.

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When this act becomes operative with regard to a pension fund, such pension fund shall terminate. Upon the termination of such pension fund, all securities, assets and records of such fund shall be transferred to the board of trustees of the Public Employees' Retirement System. All securities and assets so transferred shall be credited to the Contingent Reserve Fund and there shall be transferred from the Contingent Reserve Fund to the Annuity Savings Fund an amount equal to the aggregate contributions of active members to the terminated pension fund. L.1956, c. 169, p. 663, s. 2. Amended by L.1959, c. 170, p. 702, s. 5.