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Bill > S3871
NJ S3871
NJ S3871Adds member from Retired Judges Association of New Jersey to State Investment Council.*
summary
Introduced
06/03/2019
06/03/2019
In Committee
11/18/2019
11/18/2019
Crossed Over
01/13/2020
01/13/2020
Passed
01/13/2020
01/13/2020
Dead
Signed/Enacted/Adopted
01/21/2020
01/21/2020
Introduced Session
2018-2019 Regular Session
Bill Summary
Under current law, the membership of the State Investment Council includes one representative each from the Board of Trustees of the Public Employees' Retirement System and the Board of Trustees of the Teachers' Pension and Annuity Fund. This bill would add a member to represent the Judicial Retirement System (JRS). Under the bill, the Chief Justice of the New Jersey Supreme Court would designate one board member of the Board of Trustees of the JRS to serve on the council. This change would increase the council's membership from 15 to 16 total members. The State Investment Council was created by law to formulate policies the Director of the Division of Investment follows when investing the State's pension funds, including JRS funds.
AI Summary
This bill would add a member from the Retired Judges Association of New Jersey to the State Investment Council, increasing the total membership from 15 to 16. The Chief Justice of the New Jersey Supreme Court would designate one board member of the Retired Judges Association to serve on the council. The State Investment Council is responsible for formulating policies that the Director of the Division of Investment follows when investing the state's pension funds, including the Judicial Retirement System (JRS) funds.
Committee Categories
Government Affairs
Sponsors (5)
Christopher Bateman (R)*,
Chris DePhillips (R)*,
John McKeon (D)*,
Nick Scutari (D)*,
Patrick Diegnan (D),
Last Action
Approved P.L.2019, c.435. (on 01/21/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=S3871 |
| BillText | https://www.njleg.state.nj.us/2018/Bills/S4000/3871_R1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S4000/3871_R1.PDF |
| BillText | https://www.njleg.state.nj.us/2018/Bills/S4000/3871_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S4000/3871_I1.PDF |
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