New Jersey Statutes
§ 43:23-24 — Allocation of interest, investment earnings, and investment losses.
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
12.Interest, investment earnings, and investment losses shall be allocated to individual program accounts as established by the board pursuant to subsection d. of section 8 of this act. An individual's retirement savings benefit under the program shall be an amount equal to the balance in the individual's program account on the date the retirement savings benefit becomes payable. The State shall have no liability for the payment of any benefit to any participant in the program. L.2019, c.56, s.12.
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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.