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2019 New Jersey Revised Statutes
Title 43 - Pensions and Retirement and Unemployment Compensation
Section 43:23-24 - Allocation of interest, investment earnings, and investment losses.
Universal Citation: NJ Rev Stat § 43:23-24 (2019)
43:23-24 Allocation of interest, investment earnings, and investment losses.
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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