2016 New Jersey Revised Statutes
Title 43 - Pensions And Retirement And Unemployment Compensation
Section 43:10-18.5 - Deposit Of Funds; Investments
43:10-18.5. Deposit of funds; investments
The pension commission shall deposit the funds in any of the banks or trust companies in the county. All moneys not needed for immediate payment of the pensions shall be invested by the pension commission in interest bearing bonds of any municipality in this State or in any other interest bearing securities in which savings banks of this State are authorized to invest their funds.
L.1943, c. 160, p. 450, s. 5.
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