New Jersey Statutes
§ 43:23-21 — Annual statement of investment policy.
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
9.The board shall annually prepare and adopt a written statement of investment policy that includes a risk management and oversight program. This investment policy shall prohibit the board, program, and fund from borrowing for investment purposes. The risk management and oversight program shall be designed to ensure that an effective risk management system is in place to monitor the risk levels of the program and fund portfolio, to ensure that the risks taken are prudent and properly managed, to provide an integrated process for overall risk management, and to assess investment returns as well as risk to determine if the risks taken are adequately compensated compared to applicable performance benchmarks and standards. The board shall consider the statement of investment policy and any ch
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Nearby Sections
15
§ 43:23-1
Short title.§ 43:23-10
Report to Legislature.§ 43:23-11 Compliance.
§ 43:23-11 Compliance.§ 43:23-12
Regulations.§ 43:23-13
Short title.§ 43:23-16
Special fund outside of General Fund.§ 43:23-18
New Jersey Secure Choice Savings Board.§ 43:23-19
Duties of board, trustee, agents.§ 43:23-21
Annual statement of investment policy.