Bill
Bill > A118
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 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 to the State Investment Council 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, increasing the council's membership from 15 to 16 total members. The State Investment Council is responsible for formulating policies the Director of the Division of Investment follows when investing the state's pension funds, including JRS funds.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/14/2020)
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/bill-search/2020/A118 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A0500/118_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A0500/118_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A0500/118_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A0500/118_I1.PDF |
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