New Jersey § 52:18A-170 Disposition of deferred, deducted moneys; assets held in trust

New Jersey Statutes

§ 52:18A-170 — Disposition of deferred, deducted moneys; assets held in trust

New Jersey § 52:18A-170

Title 52STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

This text of New Jersey § 52:18A-170 (Disposition of deferred, deducted moneys; assets held in trust) 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. § 52:18A-170 (2026).

Text

8.All moneys which are deferred and deducted in accordance with the provisions of this act and the plan shall remain assets of the State and shall be invested in accord with the provisions of this act and the plan. The obligation of the State to participating employees and contractors shall be contractual only and no preferred or special interest in the deferred moneys shall accrue to such employees or contractors, except that all assets and income of the plan shall be held in trust for the exclusive benefit of participating employees and their beneficiaries. L.1978,c.39,s.8; amended 1997, c.116, s.4.

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8. All moneys which are deferred and deducted in accordance with the provisions of this act and the plan shall remain assets of the State and shall be invested in accord with the provisions of this act and the plan. The obligation of the State to participating employees and contractors shall be contractual only and no preferred or special interest in the deferred moneys shall accrue to such employees or contractors, except that all assets and income of the plan shall be held in trust for the exclusive benefit of participating employees and their beneficiaries. L.1978,c.39,s.8; amended 1997, c.116, s.4.