Bill
Bill > A1324
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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 adds a member from the Judicial Retirement System (JRS) to the State Investment Council. Under the current law, the council includes representatives from the Public Employees' Retirement System and the Teachers' Pension and Annuity Fund. This bill would increase the council's membership from 15 to 16 members by adding a member designated by the Chief Justice of the New Jersey Supreme Court from the Board of Trustees of the JRS. The State Investment Council was created by law to set investment policies for the state's pension funds, including the JRS funds.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)
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/2024/A1324 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1324_I1.HTM |
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