N.J.S.A. 43:3C-10 — Approval of change in retirement or deferred compensation plan by State Treasurer

43:3C-10. Approval of change in retirement or deferred compensation plan by State Treasurer A State autonomous authority may not establish or change a retirement or deferred compensation plan which provides for the payment of funds of the authority to that plan without the approval of the State Treasurer. The State Treasurer shall not approve the establishment or change of a retirement or deferred compensation plan unless it is determined that the plan or change is consistent with the policies inherent in State laws concerning retirement benefits for public employees and is in the public interest. This section is applicable to all State autonomous authorities regardless of whether they participate in a State-administered retirement system or deferred compensation program. L.1990,c.25,s.4.

This is the verbatim text of N.J.S.A. 43:3C-10, 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.