New Jersey Statutes
§ 43:23-8 — Avoidance of liability.
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
8.The Department of the Treasury shall not expose the State as an employer or through administration of the marketplace to any liability under the federal "Employee Retirement Income Security Act of 1974" (29 U.S.C. s.1001 et seq.). The Department of the Treasury is specifically prohibited from offering and operating a State-sponsored retirement plan for businesses for individuals who are not employed by the State, or any political subdivision thereof. L.2015, c.298, s.8.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 43:23-8 (Avoidance of liability.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.