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  • NJ A1749
  • Requires Treasurer and Divisions of Pensions and Benefits and Investment Directors to report on status of State-administered pension plans to Legislature by May 15 and November 15 each year.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires the State Treasurer, the Director of the Division of Pensions and Benefits, and the Director of the Division of Investment to report in writing to the Legislature and appear before the Senate Budget and Appropriations Committee and Assembly Budget Committee, on or before May 15 and on or before November 15 of each year, with regard to the current funding obligations of the State and other public employers to, and the financial status of, the State-administered retirement systems, and with regard to the investment performance of the assets, moneys, securities or other financial instruments of any of the funds or accounts under the management and control of the Division of Investment on behalf of the pension systems administered by the Division of Pensions and Benefits. The purpose of the bill is to increase disclosure about the fiscal health of the State's public pension plans by establishing routine reporting to the Legislature and its budget committees on the State's funding obligations and its management of retirement system assets.
Budget
Introduced, Referred to Assembly Budget Committee  (on 1/27/2016)
 
 
Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Budget Committee
Date Motion Yea Nay Other
None specified