New Jersey Statutes
§ 43:7-20 — Deposit and investment of fund
New Jersey·Title 43 PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Said pension commission shall deposit such fund in any of the banks or trust companies of the State, and shall invest the same in bonds secured by first mortgages on improved property worth at least twice the amount loaned, or in bonds of the United States or of this State, or any city or county in this State. All income, interest or dividend which shall be paid or agreed to be paid on account of any loan or deposit shall belong to and constitute a part of said fund. L.1941, c. 220, p. 635, s. 14.
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Nearby Sections
15
§ 43:7-11
Pension commission to allow pensions§ 43:7-11.1
Payment of pensions§ 43:7-12
Permanent disability§ 43:7-13
Creation of pension fund§ 43:7-15
Suspension or discharge§ 43:7-16
Other pensions§ 43:7-19
Control, management of fund.§ 43:7-19.1
Medical board