N.J.S.A. 43:15A-112 — Termination of fund; transfer of securities, assets and records

43:15A-112. Termination of fund; transfer of securities, assets and records When this act becomes operative with regard to a pension fund, such pension fund shall terminate. Upon the termination of such pension fund, all securities, assets and records of such fund shall be transferred to the board of trustees of the Public Employees' Retirement System. All securities and assets so transferred shall be credited to the Contingent Reserve Fund and there shall be transferred from the Contingent Reserve Fund to the Annuity Savings Fund an amount equal to the aggregate contributions of active members to the terminated pension fund. L.1956, c. 169, p. 663, s. 2. Amended by L.1959, c. 170, p. 702, s. 5.

This is the verbatim text of N.J.S.A. 43:15A-112, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.