N.J.S.A. 43:23-24 — Allocation of interest, investment earnings, and investment losses.

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.

This is the verbatim text of N.J.S.A. 43:23-24, 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.