N.J.S.A. 52:18A-110 — Supplemental annuity collective trust; establishment; duties; divisions

52:18A-110. Supplemental annuity collective trust; establishment; duties; divisions There is hereby established in the Department of the Treasury the Supplemental Annuity Collective Trust of New Jersey, which shall accept amounts received for supplemental annuities from the State administered retirement systems and combine the same for purposes of this act. The Supplemental Annuity Collective Trust shall also accept amounts paid by employers for the purchase of annuities on behalf of employees as hereinafter provided. The funds paid by employers to purchase annuities for their employees shall be accounted for separately from other funds received by the Supplemental Annuity Collective Trust. The Supplemental Annuity Collective Trust hereby established shall consist of a Variable Division and a Fixed Division. L.1963, c. 123, s. 4. Amended by L.1965, c. 90, s. 2.

This is the verbatim text of N.J.S.A. 52:18A-110, 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.